store operator log profit growth
Three convenience store operators log profit growth from March to May
Three major Japanese convenience store operators posted growth in their group operating revenues and profits in the March-May first quarter of the current business year, according to their earnings reports. Retail giant Seven & I Holdings, the operator of industry leader Seven-Eleven Japan, saw its mainstay overseas convenience store operations recover thanks to labor and other cost cuts. FamilyMart's operating profit grew 17.9% from a year before to 27.8 billion, as advertisements featuring Los Angeles Dodgers star Shohei Ohtani helped attract more customers and boost sales of onigiri rice balls. FamilyMart also attracted budget-minded consumers thanks to its discount sales of food items such as eggs and milk. As a result, the company's net profit jumped 36.7% to a record 21.1 billion.
- Asia > Japan (0.64)
- North America > United States > California > Los Angeles County > Los Angeles (0.28)