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7-Eleven's parent company reports a significant profit drop, facing a buyout offer and economic pressures.
Seven & i Holdings, the parent company of 7-Eleven, reported a 24% drop in third-quarter operating profit to 128 billion yen ($810 million), missing analysts' estimates.
The company is facing pressure due to a $47 billion buyout offer from Canada's Alimentation Couche-Tard amid inflation's impact on consumer spending in Japan and North America.
Seven & i plans to refocus on its core convenience store business by selling non-core assets like supermarket chains.
Despite the downturn, the company maintained its annual profit forecast of 403 billion yen.
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La empresa matriz de 7-Eleven reporta una significativa caída de beneficios, enfrentando una oferta de compra y presiones económicas.