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

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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