7-Eleven owner's profit down 65% as U.S. slows but 'dawn is near'

TOKYO -- Seven & i Holdings, owner of the 7-Eleven convenience store chain, said Thursday that it had a net profit of 63.6 billion yen ($402 million) in the nine months through November 2024, down 65.1% from the previous year, partly due to the Japanese retail group's difficulties with its North American operations stemming from prolonged inflation and high interest rates.