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7-Eleven's parent posted lower quarterly profit as Japan stores dragged on earnings

Seven & i Holdings said net profit fell 12% in the second quarter despite stronger fuel-driven earnings from its North American business

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Seven & i Holdings, the Japanese parent company of 7-Eleven, reported second-quarter results on Thursday showing net profit fell 12% from a year earlier to ¥63.84 billion, as weaker domestic convenience-store earnings weighed on results despite gains in North America.

Second-quarter revenue grew 8.5% to ¥3.081 trillion, the company said. The overseas convenience-store segment saw operating profit climb 19% to ¥84.83 billion, whereas the domestic convenience-store segment posted a 14% decline in operating profit to........

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