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7-ELEVEN’s Japanese Parent Posts Record Profits… Again

By Unhappy Franchisee on July 10, 2013

7-Eleven franchisees may be struggling in the U.S., but there were smiles in the boardroom in Tokyo as Japan’s Seven and I Holdings Co Ltd, owner of the 7-Eleven convenience store chain, posted a 9.5 percent rise in first-quarter profit.

According to Reuters, “Seven and I has been generating annual record profits for two years, but the first-quarter result marked its first record high for that specific period since 2007.”

7-Eleven’s Japanese parent has been profiting from its aggressive store expansion strategy, even as 7-Eleven franchisees complain that new stores being opened too close to existing franchises is cannibalizing their sales and threatening their survival.

“…buoyed by an expansion of its store network,” Reuters reported,  7-Eleven’s Tokyo-based parent “left its full-year operating profit forecast for the year to February unchanged at a record 340 billion yen ($3.41 billion), in line with forecasts.”

“Seven and I’s shares… have surged nearly 60 percent since mid-November…”

Well, even though U.S. 7-Eleven franchise stores are being seized both by federal authorities and by questionable terminations by the franchisor, at least the Japanese investors are happy!

Also read:

7-ELEVEN Franchisee Tariq Khan: Villain or Victim?

7-Eleven Franchise Complaints

7-ELEVEN: Is 7-Eleven a Good Franchise to Own?

7-ELEVEN Franchise Owners Complain, Allege Churning

7-ELEVEN Franchises Raided by DOJ, Homeland Security

7-ELEVEN Downplays Japanese Ownership

7-ELEVEN Franchise Lawsuits 2013

WHAT DO YOU THINK?  ARE YOU FAMILIAR WITH THE 7-ELEVEN FRANCHISE PROGRAM AND ITS TOKYO-BASED PARENT?  SHARE A COMMENT BELOW.

Contact UnhappyFranchisee.com

TAGS: 7-Eleven, 7-Eleven franchise, 7-Eleven lawsuit, 7-Eleven lawsuits, 7-11 franchise, 7-11 lawsuits, 7-11 complaints, Seven and I holdings, Seven Eleven Inc., convenience store franchise, 7-Eleven litigation,

The post 7-ELEVEN’s Japanese Parent Posts Record Profits… Again appeared first on Unhappy Franchisee.

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