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Seven & I Holdings, parent of 7-Eleven, misses forecasts amid potential takeover and buybacks.
Seven & I Holdings, parent of 7-Eleven, missed profit and revenue forecasts for the current fiscal year, facing pressure to expand growth after divesting supermarket and banking stakes.
The company predicts a 9.4% rise in domestic sales but a 3.6% drop in overseas revenue.
Amid a potential takeover by Canadian firm Alimentation Couche-Tard, Seven & I is buying back ¥600 billion worth of shares and seeking third-party buyers for overlapping retail outlets to address potential antitrust concerns.
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Seven & I Holdings, padre de 7-Eleven, falla las previsiones en medio de posibles adquisiciones y recompras.