Japanese retailer Seven & I has retained its full-year outlook in the face of a slowing Japanese economy after posting a 1.6% increase in revenues for the nine months ended 30 November.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sales from continuing operations totalled JPY432bn (US$4.73bn) during the nine-month period.
The company said that sales of grocery items grew as Japanese consumers look to conserve money by eating at home.
Sales gains drove a 4.4% increase in operating income, which rose to JPY218bn, the company said in a trading update today (8 January).
However, Seven & I said net income dipped 0.6% to JPY101bn from JPY102bn for the first nine months of last year.
The retailer retained its guidance for the full year ending in February, predicting operating profit of JPY294bn, up 4.6% year-on-year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
