Seven & I Holdings will delay the planned listing of its U.S. convenience-store business, saying it needs more time to turn the business around amid uncertain market conditions.
The aim now is to strengthen performance and maximize valuation before pursuing an initial public offering in the fiscal year ending February 2027, the retailer said in a statement Thursday ¡ª instead of the originally targeted window later this year.
CEO Stephen Dacus¡¯ decision to delay the IPO underscores how heavily the unit¡¯s valuation will depend on a turnaround in its U.S. business, which generates roughly half of the group¡¯s convenience-store profit. Weak fuel demand and softer consumer spending have cut store traffic, exposing the company¡¯s reliance on gasoline-linked sales to drive higher-margin purchases.
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