PH 7-Eleven operator expects 2023 earnings to beat year-ago record

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PH 7-Eleven operator expects 2023 earnings to beat year-ago record
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The listed Philippine operator of 7-Eleven convenience stores expects another banner year in terms of earnings as it deploys nearly P4 billion to help boost its store footprint outside Metro Manila. | miguelrcamusINQ /PDI

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He said their financial results the past year “reflect the resilience of our business model, the implementation of correct strategies, and the strong support of our customers”.

The company also implemented a dramatic shift to focus on store expansion outside Metro Manila and nearby provinces. “We find ourselves in a situation where geographic shifts in demand have fortuitously opened up opportunities to expand in areas beyond the current reach of competition,” Paterno said.

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