7-Eleven Malaysia sales, profit surge in first quarter

South East Asia .
7-Eleven Malaysia sales, profit surge in first quarter

Inside Retail Asia: Sales and profit surge in first quarter on new stores, enhanced service. 7-Eleven Malaysia has achieved sales growth of 9 per cent in the first quarter – and net-profit growth of 24.9 per cent. Same-store sales rose 6.1 per cent, the rest of the growth due to store expansion with the convenience store network now numbering 2311 stores.

Group revenue for the quarter topped RM583.7 million (US$139 million) due to new stores, a higher average spend per customer and increased consumer promotion activity. Revenue from the food service segment of the business grew more than 30 per cent year on year, and now accounts for 3.5 per cent of the overall business. Full original article: https://insideretail.asia/2019/05/30/7-eleven-malaysia-sales-profit-surge-in-first-quarter/#daily

 

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