Seven & i Profits Growth Rebounded as Expected; Moaty C-store Business Continues to Outperform Peers
Narrow-moat Seven & i Holdings' second-quarter earnings came in slightly above the company’s guidance and our expectation despite unfavorable weather during the peak season of domestic convenience stores. Solid sales of its 7-Premium private label line along with improved comps of the overseas C-store business and healthy growth in specialty-store business helped closed the earnings gap in the second quarter. We have finetuned our earnings forecasts, lowering profit estimates of C-store and ...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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