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Retail

Seven-Eleven, Speedway to drive record profit for Japan's Seven & i

Retail group's convenience stores enjoy post-pandemic rebound

A Seven-Eleven store in Japan. The second half will prove a test of whether the retail can keep up its momentum in the face of high inflation. (Photo by Makoto Okada)

TOKYO -- Japan's Seven & i Holdings, the parent of Seven-Eleven, is expected to report a record first-half operating profit after a strong six months for its Japanese and U.S. convenience stores.

Group operating profit for the March-August period is seen coming in at more than 230 billion yen ($1.6 billion), up nearly 30% on the year, which would beat a company forecast of a 20% gain to 222.5 billion yen.

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