7-Eleven Owner More Than Doubles Profit as It Focuses on Core Business
Seven & i Holdings' quarterly net profit more than doubled, helped by an earnings boost from its international convenience-store business, as the 7-Eleven owner sharpened its focus on core operations amid a takeover attempt by the Canadian owner of Circle K.
The Japanese owner of 7-Eleven on Thursday said first-quarter operating profit for its overseas convenience-store business nearly doubled, supported by cost controls and an expansion of proprietary products in the U.S.
The company said that personal consumption...
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