Seven & i Domestic C-Stores Poised for Accelerated Growth
The strategies of the moaty domestic convenience-store business, Seven-Eleven Japan, presented at Seven & i’s result meeting reinforced our conviction that SEJ is poised to regain sales momentum, while profit growth will pick up after the negative impact of a cut in franchise fee charges disappears in 2019. While management indicated that it is set to beat its medium-term target of JPY 450 billion in operating profit for 2019, given the contribution of the Sunoco acquisition, we consider the...
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