Q1 sales growth quarter for 7-Eleven Malaysia
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In a first quarter marked by expansion and sales growth, 7-Eleven Malaysia saw its net profit soar 11.6 per cent from the same period a year ago.
Total sales growth for the quarter was 2.5 per cent, while the gross profit margin continued to improve, says the company.
Driven by store openings, higher customer counts and improved consumer promotions, the group’s revenue for the quarter grew by 2.5 per cent to RM535.7 million (US$134.4 million).
Gross profit of RM171 million improved by 7 per cent, and this was mainly attributed to the increase in revenue and improvement in gross margin by 1.3 points.
Profit after tax was RM8.9 million, up 11.6 per cent.
One2Pay mobile wallet launched in January, with payments and top-ups enabled in all stores, while continued store expansion took the total network to 2235 outlets.
Questions & Answers
Q.What specifically contributed to 7-Eleven Malaysia's revenue growth during the first quarter?
What specifically contributed to 7-Eleven Malaysia's revenue growth during the first quarter?
The group's revenue growth was driven by several factors, including the opening of new stores, an increase in the number of customers, and improved consumer promotions across their outlets.
Q.By how much did 7-Eleven Malaysia's gross profit improve in the first quarter?
By how much did 7-Eleven Malaysia's gross profit improve in the first quarter?
Gross profit for 7-Eleven Malaysia improved by 7 per cent during the first quarter. This increase was primarily due to the rise in revenue and a 1.3-point improvement in the gross margin.
Q.What is the total number of stores 7-Eleven Malaysia now operates after its recent expansion?
What is the total number of stores 7-Eleven Malaysia now operates after its recent expansion?
Following continued store expansion, 7-Eleven Malaysia's total network now comprises 2235 outlets. This expansion was a key factor in the company's Q1 sales growth.
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