7-Eleven's parent company cuts full-year earnings forecast, presses ahead with restructuring

Written by Emily J. Thompson, Senior Investment Analyst

Source: CNBC

Updated: Oct 10 2024

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Source: CNBC

Earnings Forecast and Restructuring Plans: Seven & i Holdings has significantly reduced its profit forecast for the fiscal year ending February 2025 by 44.4% to 163 billion yen, citing fewer customers at overseas stores and a charge related to the spin-off of Ito-Yokado Online Supermarket. The company is also restructuring by creating an intermediate holding company for its various businesses amid investor pressure.
Takeover Bid from Alimentation Couche-Tard: Seven & i Holdings rejected an initial takeover offer from Canada's Alimentation Couche-Tard but received a revised bid that values the company at 7 trillion yen. Analysts suggest that while a hostile takeover attempt is possible, it may be unlikely due to financing challenges, and shareholders are growing frustrated with the lack of negotiations despite the increased offer price.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.