JAPAN: Seven & I Holdings profit up, reaffirms outlook
- Net profit up 14.9%
- Operating profit climbs 9.5%
- Net sales grow 13.1%
Seven & I reaffirmed its full-year outlook
Japanese retailer Seven & I Holdings has recorded an increase in first-quarter earnings and reaffirmed its outlook for the full year.
In the three months to the end of May, the retail giant booked a net profit of JPY37.43bn (US$374.1m), a 14.9% increase on the prior year, it reported today (4 July). Operating profit was up 9.5% to JPY73.67bn.
Sales in the period amounted to JPY1.36tr, a 13.1% improvement on last year.
For the current fiscal year ending February, the company said it continues to expect a net profit of JPY170bn, an operating profit of JPY340bn and revenue of JPY5.64tr.
Click here to view the full earnings release.
- Nestle India grows with global, digital innovation
- Analysis: Tyson's shrewd investment in Beyond Meat
- Thailand: convenience to continue to thrive
- How Nestle tackles Indian challenges - interview
- Focus: Thai demographics drive health categories
- Mars launches Maltesers in the US
- Bel takes majority stake in MOM Group
- Campbell backs US nutrition start-up Habit
- Mondelez focuses on margins as sales slip
- Nestle's Buitoni to remove GMOs
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Meat Processing in China - Industry Market Research Report