JAPAN: Sales, earnings up at Seven & I
Sales, profits up at 7-11 retailer Seven & I Holdings
Japanese convenience retailer Seven & I Holdings has reported an increase in sales and profits for the first nine months of its financial year.
The company behind the 7-11 chain booked net profit of JPY96.96bn (US$923.6m) for the period to the end of November, up 15.9% year-on-year. Operating profit was up 15.1% at JPY249.14bn.
The higher profits came on the back of rising sales. Seven & I said its revenues from operations increased 13.8% to JPY4.19trn.
The company maintained its forecast for annual earnings. It expects a net profit of JPY170bn and an operating profit of JPY340bn on the back of revenue of JPY5.64 trn.
- General Mills on Q1, innovation, margins
- Interview: Mondelez's outlook for China
- Aryzta FY results, outlook for 2017 - 6 takeaways
- Interview: Mondelez eyes sweet success in China
- What next for Bernard Matthews? - comment
- ConAgra acquires Frontera Foods' "gourmet" brands
- Nestle revamps foodservice arm
- Nestle launches Nesquik Protein Plus for adults
- Investors urge company action on meat production
- Nature’s Path takes majority stake in Gorilly Good
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Redefining Snacks: From Conventional Snacks to Snack Replacements
- Global Foodservice Market 2016-2020
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review