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Smartkarma

Equity Bottom-Up

Go to any deli or 7-Eleven these days and you're sure to see a gigantic, technicolor wall of beverages. There are juices and sodas and CBD-infused beverages and caffeinated energy drinks as far as the eye can see. The wall just keeps getting larger. And whereas in the past you might just see Red Bull and Monster in the energy drink space, now there are numerous competitors, with a wide range of flavors and branding. So what does it take to stand out in this booming market? And how do you get…

QUICK Corp.

Expectations from synergy with Speedway and further structural reforms in the new mid-term plan
Investment payback period may be shorter than what was originally estimated to be 8 years Although a leader, 7-Eleven's share (at the end of 2019) in the US convenience store industry in terms of number of stores was only 5.9%. It is, however, expected to rise to 8.5% with the acquisition of Speedway, which claims the third place, widening the gap with the player in the second place (with 3.9% share)…

Development of differentiated products to accelerate in the US Although a leader, 7-Eleven's share (at the end of 2019) in the US convenience store industry in terms of number of stores was only 5.9%. It is but expected to rise to 8.5% with the acquisition of Speedway, which claims the third place, widening the gap with the player in the second place (with 3.9% share). Speedway significantly outperforms 7-Eleven in terms of gasoline sales per store per day, and its FY19 OP of USD1.1bn is at par…

Morningstar

Morningstar, Inc.

Narrow-moat Seven&amp;i’s first-quarter profits came in a touch above our expectation thanks to healthy growth in the moaty overseas C-store business 7-Eleven Inc (SEI). The moaty domestic C-store business SEJ also saw profits improve during the quarter as a result of a sizable drop in promotional spending, partly because of a shift of marketing investment for the roll out of 7 Pay cashless payment service in July. On the other hand, profits of the struggling superstore and department store…

The convenience store operations under the 7-Eleven banner have been a key driver of Seven &amp; i Holdings' growth. After accelerating its domestic store expansion over the past five years and adding more than 5,000 stores, management is shifting its focus from quantity back to quality of store operations and profitability. Management intends to fix the widened variance in store performance resulting from massive new store openings and lift the targeted return on investment from the current 11% to…

Japan

Seven & i Holdings Co., Ltd. is a holding company which was established through the merger of Ito-Yokado Co., Seven Eleven Japan Co., and Denny's Japan. The Company plans, manages, and operates mainly convenience stores, supermarkets, and department stores.

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