7-Eleven store count up by 161 in the first half - BusinessWorld Online

PHILIPPINE Seven Corp., the operator of 7-Eleven convenience stores, reported that it completed 161 new stores in the first semester, surpassing half of its target 300-store network expansion in 2022. READ

By the end of the first half, the number of 7-Eleven stores reached 3,241 — 1,057 in Metro Manila, 1,402 in Luzon , 464 in the Visayas, and 318 in Mindanao.

Mr. Paterno said that stores in the Visayas-Mindanao region had been expanding faster and would continue to do so. These cash recycler ATMs allow 7-Eleven store operators to deposit the money they get from store sales that the machine “recycles” to fund the withdrawals of its customers.In the second quarter, Philippine Seven reported an attributable net income of P691.28 million, reversing the P103.24-million net loss last year.

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