TOKYO — Seven & i Holdings, owner of the 7-Eleven convenience store chain, said Thursday that it had a net profit of 63.6 billion yen ($402 million) in the nine months through November 2024, down 65.1% from the previous year, partly due to the Japanese retail group’s difficulties with its North American operations stemming from prolonged inflation and high interest rates.
Net profit for the nine months was less than half the average analyst forecast, which was compiled by Nikkei and came in at 136.3 billion yen.
