By Kosaku Narioka and Ronnie Harui
Seven & i Holdings raised its annual guidance after the war-driven surge in gasoline prices boosted earnings at its North American convenience-store business, sending quarterly net profit higher.
The Japanese owner of 7-Eleven said Thursday that operating profit for its overseas convenience-store business climbed as fuel margins improved sharply at its U.S. unit despite a decline in gas sales.
Citing higher-than-expected gasoline earnings from its North American business and a weaker yen, the company boosted revenue and profit projections for the fiscal year ending February 2027.
Seven & i in April delayed the planned listing of the North American business to the year starting next March at the earliest, after the Middle East conflict drove up oil prices, clouding the outlook for gasoline demand. It originally planned for an initial public offering by the end of 2026.
