Tard TOKYO, Jan 9 (Reuters) - Japan's Seven & i Holdings
(3382.T), opens new tab, operator of the 7-Eleven convenience store chain, said operating profit fell 24% in the latest quarter, missing analysts' estimates, as inflation hit consumer spending in Japan and North America.
The poor showing piles pressure on the sprawling retailer as it tries to fend off a $47 billion buyout offer from Canada's Alimentation Couche-Tard
(ATD.TO), opens new tab (ACT).
Profit tumbled to 128 billion yen ($810 million) in the three months to end-November, short of an average estimate of 138 billion yen from seven analysts polled by LSEG.
https://www.reuters.com/business/retail-consumer/japans-seven-i-holdings-reports-24-yy-drop-third-quarter-profit-2025-01-09/?utm_source=chatgpt.com