Revenue Growth in 7-Eleven International
Revenues from operations significantly increased compared to fiscal 2023, largely driven by the inclusion of Australia in consolidation. Despite a one-time expense, operating income would have increased without it.
Domestic CVS Business Recovery
Initiatives to improve customer numbers and same-store sales are showing results, with a notable increase in customer numbers. The 'pleasant value' products strategy has been particularly effective.
7-Eleven's Proprietary Products Drive Margin
Proprietary products, including fresh foods and beverages, are driving improvements in sales and customer traffic, with a 40.5% margin, outperforming the overall system margin of 33.3%.
7NOW Delivery Growth
7NOW delivery network is growing at a 24% rate on a same-store basis, with a goal of hitting $1 billion in sales by 2025. It offers a delivery time of 28 minutes or less.