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Stock impact report

7-Eleven sees revenue declines as store closures continue [Yahoo! Finance]

SEVEN & I HLDGS UNSP/ADR (SVNDY) 
NASDAQ:AMEX Investor Relations: en.wikipedia.org/wiki/seven_(1995_film)
Company Research Source: Yahoo! Finance
Dive Brief: 7-Eleven saw its revenue from operations in North America drop by 18% during Q2 compared to the same period in 2024, parent company Seven & i Holdings revealed in its earnings report on Thursday. Revenue dropped from about 2.4 trillion yen, or $15.8 billion, in Q2 2024 to roughly 1.9 trillion yen, or $13 billion, in the same period this year. 7-Eleven said in its earnings statement that “the North American economy showed signs of slowing down” during the quarter, notably through decreased spending from low-income, cost-conscious households. The down quarter for revenue comes as 7-Eleven continues to close hundreds of underperforming stores across North America — especially the U.S. — and focuses its attention on building bigger, food-focused locations. Dive Insight: Late last year, 7-Eleven revealed plans to shutter 444 underperforming stores amid the difficult spending environment and its operational shift to opening larger food-centric sites. The company sligh Show less Read more
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