Seven & i Reports 24% Drop in Profit

Reuters

10:45 JST, January 10, 2025

TOKYO (Reuters) — Seven & i Holdings, operator of the 7-Eleven convenience store chain, reported on Thursday a drop of 24% in quarterly operating profit, missing analysts’ estimates.

Profit fell to ¥128 billion ($809.41 million) in the period from September to November versus ¥169 billion in the corresponding period a year earlier.

The results compared to an average profit estimate of ¥138 billion from seven analysts polled by LSEG.