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Seven & i Holdings projected a drop in annual net profit and pushed back the planned listing of its North American convenience-store business.
Seven & i delayed the North American convenience-store IPO to fiscal year starting March 2025 at earliest.
KEY POINTS
- The company cited recent sharp oil price gains as a factor clouding gasoline demand outlook.
- Seven & i's net profit for the latest quarter fell 14% but exceeded analyst expectations.
- Operating profit from overseas convenience stores rose 17%, while domestic profit declined 13%.
COMPANIES
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