Domestic C-Store Profits Should Rebound Once Products Developed for the New Store Layout Are Ready
Narrow-moat Seven & I’s third-quarter sales and profits came in slightly below our expectations, although profits are in line with the company’s guidance. Strong profit growth in the U.S. convenience-store business offset weakness in the domestic C-store business, for which unfavorable weather depressed customer traffic and sales. We retain our fair value estimate of JPY 4,800, as we expect sales and profits to catch up in the fourth quarter when the negative weather factor disappears and do...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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