CP All beats earnings forecasts as cash handouts boost consumption

Rumored deal for Japan's Seven & i leaves share price down 15.8% in the past year

Thai convenience store operator CP All reported record earnings on Tuesday but its share price remains under pressure from a potential investment in Japan's Seven & i. (Photo by Akira Kodaka)

FRANCESCA REGALADO

February 25, 2025 21:18 JST

BANGKOK -- Thai convenience store operator CP All beat analyst forecasts and announced record full-year earnings on Tuesday, driven by a government stimulus program and tourism growth.

However, the company's potential investment in Japan's Seven & i, the owner of the 7-Eleven brand, has weighed on its share price. Despite the punchy forecasts, CP All's share price fell 4.8% on Tuesday before the results were announced.