7-Eleven Philippines, operated by Philippine Seven Corporation (PSC), is gearing up for significant expansion in the coming years. The convenience store chain, which recently celebrated its 40th anniversary and the opening of its 4,000th store, aims to reach 500 new stores by 2025.
To fuel this growth, PSC plans to invest between USD 90 million and USD 108 million in capital expenditures next year. This investment will be used to finance the construction and renovation of new stores, particularly in Visayas and Mindanao regions, which will account for 40% of the new outlets. Metro Manila and the rest of Luzon will share the remaining 60%.
PSC’s aggressive expansion strategy is driven by several factors, including a favorable economic climate and increasing consumer demand for convenience. The company’s strong financial performance, with a net profit of USD 31.68 million in the first half of 2024, underscores its ability to fund this ambitious growth plan.
With a strong financial foundation and a keen understanding of consumer preferences, 7-Eleven Philippines is poised to continue its growth trajectory. The company’s expansion plans will solidify its position as a leading convenience store chain in the country, offering greater accessibility and a wider range of products and services to Filipino consumers.
(Source: GMA Network)
