business news in context, analysis with attitude

  • 7-Eleven Inc. announced that total September sales increased 10.7 percent to $1.03 billion from $931.7 million last year. Same-store sales were up 6.5 percent.

    Total merchandise sales for the month were up seven percent to $679.6 million, compared with $635.5 million a year ago. Gasoline sales for September were $352 million, an 18.8 percent increase compared with $296.2 million in the prior-year period.

    Year-to-date, U.S. same-store merchandise sales rose 5.7 percent, and total merchandise sales increased 6.4 percent to $5.96 billion. Gasoline sales total $3.12 billion, up 21.4 percent year-over-year.

  • France-based retailer Carrefour reported that third quarter sales were the equivalent of $24.67 billion (US), up 4.2 percent from a year ago. However, sales in the company’s core market – France – were flat at $12.1 billion (US)…and the company is projecting that its annual sales will be less than five percent, a projection that analysts and shareholders are not expected to find comforting.

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