Company Earnings UpdateSeven & i Holdings (TSE: 3382) 1Q20 Results: Operating Income Grows in Both Domestic and Overseas Convenience Stores Coresight Research July 5, 2019 Executive Summary In 1Q20, ended May 31, 2019, Seven & i reported a 1.3% year-over-year decline in net sales. However, the company’s EPS increased 21.5% in the first quarter. The company’s overseas convenience store business witnessed a strong performance, with operating income increasing 26.6% year over year. Domestic convenience store operations recorded operating income growth of 8.0%. Superstore Ito-Yokado saw operating income decline 84.4% year over year. Department-store chain Sogo & Seibu posted an operating loss of ¥371 million versus an operating profit of ¥290 million in 1Q19. Seven & i reiterated its total revenues and operating income guidance for FY20. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 20: Cross-Border Players Don’t Prevent Amazon Reaching New Highs in ApparelThree Data Points We’re Watching This Week, Week 33: US Consumers’ Tariff PerceptionsThree Data Points We’re Watching This Week, Week 4: US Store Openings and Closures—2024 ReviewFive Ways AI Is Being Used in Beauty Retailing (Plus One Bonus)—and What’s Next
