Seven & i quarterly profit tumbles as it seeks to fend off Couche-Tard bid

Seven & i’s guidance miss adds to pressure amid takeover bid

Seven &ampamp; i Holdings Co. forecast profit and revenue for the current year missed analyst estimates, adding to pressure on the company. Read on

Seven & i quarterly profit tumbles as it seeks to fend off Couche-Tard bid

TOKYO: Japan's Seven & i Holdings said on Wednesday (Apr 9) that fourth-quarter profit fell 15 per cent, a result that is likely to hamper its ability to fend off a takeover attempt by Canada's Alimentation Couche-Tard. The operator of 7-Eleven convenience stores booked operating profit of 105.6 billio

Seven & i’s full-year operating income falls by over 20%

In the U.S., 7-Eleven’s same-store sales fell by 2.7% and are expected to contract by another 1.5% in fiscal 2025, the company said on Wednesday.

Japan’s Seven & i set to record 24% fall in fourth-quarter profit, adding to takeover pressure

The 7-Eleven operator’s profit has fallen in recent quarters as domestic convenience store operations underperformed competitors and its North American arm suffered from lower consumer spending

Seven & i reports revenue uptick and profit dip in FY24

Seven & i has disclosed total revenue of Y11.97tn ($81.46bn) in fiscal 2024 (FY24), marking a 4.4% rise from the previous year's Y11.47tn.The post Seven & i reports revenue uptick and profit dip in FY24 appeared first on Retail Insight Network.

Japan’s Seven & i seen booking 24% fall in Q4 profit, adding to takeover pressure

Japanese retailer Seven & i Holdings is set to record a 24 per cent drop in quarterly profit on Wednesday as underperformance of its convenience store business hampers its ability to fend off a takeover attempt by Canada’s Alimentation Couche-Tard.