7-Eleven Malaysia 2019 sales hit record RM2.36 billion

Petaling Jaya, 27 Feb 2020,

7-Eleven Malaysia Holdings Bhd’s total sales hit a record high of RM2.36 billion last year.

For the full-year period ended Dec 31, 2019, 7-Eleven’s net profit grew 5.4% to RM54.06 million from RM51.31 million, underpinned by the increase in revenue, favourable sales mix and higher marketing income.

Revenue stood at RM2.36 billion, up 6.4% from RM2.22 billion, driven by the growth in new stores, higher customer count, higher average spend per customer and better consumer promotion activity.

For the fourth quarter alone, 7-Eleven’s net profit fell 9.1% to RM11.35 million against RM12.49 million in the same quarter a year ago, with revenue rising 6.8% to RM592.73 million from the RM555.21 million achieved previously.

7-Eleven CEO Colin Harvey said the group managed to delivered full-year same-store-sales growth of 2.5% and net profit growth of 5.4% despite accounting for the impact of MFRS 16 adoption.