7-Eleven's same-store retail fuel volume declined by 4.8% year to year in the second quarter of fiscal 2025 though fuel profit margins increased by 2.9%, parent company Seven & i said in financial results for the period ended Aug. 31.
The company's fuel volume underperformed the national average for U.S. gasoline stations, which recorded a 2.6% year-to-year decline in same-store fuel volume June through August, according to OPIS DemandPro.
Same-store dollar sales for store merchandise declined 0.8% year to year but showed a slight improvement in July and August. 7-Eleven's merchandise margin dipped 0.6% year to year and was just above 33%.
Seven & i said that though U.S. existing store merchandise sales were down from the prior year in the first half of fiscal 2025, operating income (before amortization of goodwill) was about double year on year because of improved gross profit margin from adding proprietary products and optimizing labor costs.
Gross profit margin was lower than the previous year because of "soaring raw material prices," the company added.
Same-store traffic declined 5.0% year to year in 2Q but improved in July (-1.9%) and August (-2.5%).
And transactions were larger. The average basket size in 2Q increased by 4.4% year to year and was up 2.7% year to year in July and 2.8% in August.
"The average spending per customer exceeded the previous year due to value offering measures centered on fresh food, but existing store sales were lower than the previous year due to the impact of the decrease in the number of customers," the company said.
Seven & i said 7-Eleven made progress on several key initiatives:
-- The retail network opened 56 new stores in the first half of the fiscal year and is expected to open another 69 in the second half for a total of 125 by the end of the fiscal year. The new stores perform better than legacy stores.
-- 7-Eleven opened 14 new restaurants in the first half and is expected to open 36 more in the second half for a total of 50 in fiscal 2025.
-- 7-Eleven launched 118 new private-label items in the first half and is expected to add at least another 82 items to total more than 200 by fiscal year end.
The chain also is expanding the 7NOW delivery program, after seeing 21.3% in same-store sales growth in the first half, with an average basket size of $15.40. The average delivery time was about 28 minutes, the company said.
7NOW recorded $755 million in sales in fiscal 2024 and sales are projected to be $1 billion in fiscal 2025.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
-- Reporting by Donna Harris, dharris@opisnet.com; Editing by Michael Kelly, mkelly@opisnet.com
(END) Dow Jones Newswires
October 09, 2025 15:57 ET (19:57 GMT)
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