After revealing plans that it would close hundreds of underperforming stores, 7-Eleven has reported a steep decline in overall revenue for the first half of the fiscal year, though the strategy is helping the company’s profitability, it says.

7-Eleven’s North America revenue plummeted by about 18% in the second quarter (ending Aug. 31), a sharp fall compared to the same period in 2024, according to an earnings report released on Thursday.

Revenue dropped from approximately $15.8 billion in the 2024 second quarter to about $13 billion in the same period this year.

“The North America economy showed signs of slowing down, with personal consumption also indicating a tendency to curb spending, particularly among low-income households, due to growing concerns about rising prices,” the company

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