7-Eleven in PH nets P648.3M in first nine months
Philippine Seven Corporation (PSC), the local licensee of 7-Eleven Convenience Stores, netted P648.3 million in the first nine months of 2017, which was slightly higher than the P643.4 million it had in the same period last year.
The improvement, according to the listed company, was brought about by the 4.1 percent growth in its same store sales, which reversed the 2.5 percent decline it registered in the first quarter and supported the 1.2 percent growth reported in the second quarter.
Year-to-date, the company’s same store sales growth stood at 0.1 percent.
7-Eleven’s retail sales from all the stores particularly jumped to P27.2 billion also on the back of increased number in operating stores.
At the end of the third quarter, 7-Eleven has a nationwide store count of 2,172 stores. In Luzon, there are 1,739 7-Eleven stores in Luzon, 856 of which are in Metro Manila. Visayas has 288 7-Eleven branches, while there’s 145 in Mindanao.