Despite 1Q Shortfall, Earnings Likely to Catch Up, Along With Improved Sales Trends
Narrow-moat Seven & I’s first-quarter earnings fell short of the company’s target and our expectations, mainly owing to weakness in the U.S. convenience-store business (7-Eleven Inc.), although the moaty domestic C-store business is holding up in a tough operating environment. Given the positive signs in the U.S. C-store sales, which started to rebound from April as the negative weather impacts disappeared, we expect the company to close the gap and deliver on its efforts to change the layou...Seven & i Holdings is a holding company mainly engaged in the retail business. Co.'s business segments are convenience stores, superstores, department stores, food services, finance related, mail order & e-business and others. Co. is engaged in the operation of direct and franchise convenience stores called "7- Eleven." As of Feb 28 2018, Co. maintains total of 20,260 convenience stores throughout Japan. Co. is also engaged in the operation of supermarkets, specialty stores, full-service and fast food restaurants, meal provision service business to company cafeterias, hospitals and schools, banking and credit card services, leasing business, as well as the provision of IT business.
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