Seven & i Holdings (USOTC:SVNDY) posted a 9.7% rise in operating profit for the three months ending in May, surpassing analyst expectations due to strong international performance from its convenience store operations.
The Japanese retail conglomerate reported operating profit of 65.1 billion yen ($445.19 million) for the March–May quarter, beating the 58 billion yen consensus forecast compiled from six analysts surveyed by LSEG.
The solid results come as Seven & i faces a $47 billion acquisition offer from Canada’s Alimentation Couche-Tard. In response, the company is sharpening its strategic focus, including a share repurchase program, non-core asset divestments, and plans to publicly list its North American convenience store division.
Despite the earnings beat, Seven & i maintained its full-year profit guidance, signaling confidence in the trajectory of its current strategy while navigating ongoing takeover discussions.
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