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Southland Corp. lost $88.5 million in the...

Southland Corp. lost $88.5 million in the first quarter because of the effects of the oil price drop on its Citgo Petroleum subsidiary, company officials said. Southland also owns 8,271 7-Eleven convenience stores. Chairman John Thompson said Citgo’s loss was tempered by the best first quarter in 7-Eleven’s history, as sales growth was 5.9% above inflation for those stores open for more than a year.


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