FamilyMart, Lawson Post Record 1st-Half Operating Profits
Tokyo, Oct. 15 (Jiji Press)--Convenience store operators FamilyMart Co. and Lawson Inc. enjoyed record operating profits for March-August, according to their latest earnings reports released by Thursday. Rival Seven & i Holdings Co. also secured a profit increase in the first half of the business year through next February. Lawson's operating profit grew 7.6 pct from a year earlier to 66 ...
Tokyo convenience store giants FamilyMart, Lawson, and Seven & i reported record operating profits for the first half of their fiscal year, according to their latest earnings reports released on Thursday. FamilyMart's operating profit soared 7.6% year-over-year to 66 billion yen, partly due to the lower costs resulting from the adoption of an AI-based ordering system.
The company's sales and net profit also hit new highs. Lawson's operating profit expanded 7.6% to 66 billion yen, driven by robust sales of popular food items with larger portions and freshly baked bread. However, FamilyMart saw a dip in per-store sales owing to reduced customer traffic and sluggish ticket sales. Seven & i, the parent company of Seven-Eleven Japan, reported an operating profit of 232.2 billion yen, up 11.5%.
Nonetheless, its domestic convenience store segment experienced a 10% sales decline as beverage and ice cream sales dwindled due to adverse weather. The company's performance was further impacted by advance investments in in-store cooking equipment.
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- FamilyMart and Lawson post record first-half operating profits japantimes.co.jp
