In today’s briefing:
- Seven & I – The US Is About to Hit the Brakes
Seven & I – The US Is About to Hit the Brakes
- With OP up by 22% YoY to beat the consensus estimate by ¥2.0bn, Seven & I turned in a strong 2QFY23 along with a considerable upgrade to FY23 guidance.
- However, the post-earnings price reaction seems to suggest that the market is a bit worried about the short-term performance of Seven & I Holdings (3382 JP)’s US convenience store business.
- In addition, the struggling non-core businesses whose future remains undecided could also be weighing in on Seven & I’s price performance.
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