US neighbourhood supermarket operator 7-Eleven says it will close between 115 and 120 convenience stores. The group announced the move as it reported Q4 results slightly ahead of analysts’ forecasts.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


7-Eleven reported earnings of US$17.1m (16 cents per share) in the quarter, ahead of US$14.2m (14 cents per share) in the year-ago period. Adjusted for the impact of store closing and a US$5.7m accounting charge, earnings were at 14 cents per share, the company said.


Analysts surveyed by Thomson Financial/First Call had expected earnings of 13 cents per share before one-time items.


Sales revenue was just marginally ahead of the year-ago period at US$2.33bn (US$2.31bn). Depressed petrol prices hit sales, the group said, as many of its stores generate income from petrol pumps.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now