{"id":10474,"date":"2025-07-18T11:57:46","date_gmt":"2025-07-18T03:57:46","guid":{"rendered":"https:\/\/zestmag.com\/online\/?p=10474"},"modified":"2025-07-18T11:57:47","modified_gmt":"2025-07-18T03:57:47","slug":"7-eleven-ph-posts-steady-performance-in-2024-focuses-on-innovation-customer-convenience","status":"publish","type":"post","link":"http:\/\/zestmag.com\/online\/7-eleven-ph-posts-steady-performance-in-2024-focuses-on-innovation-customer-convenience\/","title":{"rendered":"7-Eleven PH posts steady performance in 2024, focuses on innovation, customer convenience"},"content":{"rendered":"\n

Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, capped off 2024 with gainful performance as its operation resulted to a growth in sales, profit, and stockholders returns. The growth was attributed to the increase in system-wide sales and in revenue from contracts with customers, the hike in customer traffic, and the company\u2019s investment in innovation and financial inclusion.<\/strong><\/p>\n\n\n\n

Through a collaboration with Pito AXM Platform, Inc., PSC invested in cash-recycling ATMs which not only enhance operational efficiency but also serve as a vital tool for financial inclusion in underserved communities. By the end of 2024, 3,493 stores or 84% of the network \u00a0were equipped with cash-recycling ATMs.<\/p>\n\n\n\n

Apart from opening new stores, PSC also leverages technology to drive growth. It has invested in technology upgrades, and logistics. The company also continued to enhance its CLiQQ mobile app and innovate its food service offerings to meet evolving consumer preferences for value and convenience. These investments expanded PSC\u2019s capital expenditures by 12.9% in 2024.<\/p>\n\n\n\n

Notwithstanding these expenses, PSC ended 2024 in the black with a 9.4% growth in net income to PhP3.81-billion and registered an all-time high return on equity (ROE) of 35.2% in 2024 from 32.1% in 2023. System-wide sales reached PhP93.5-billion in 2024 while revenue from contracts with customers rose 13.6% to PhP88.7-billion. On the balance sheet side, total assets reached PhP43.3-billion as of end-2024.<\/p>\n\n\n\n

In a significant return to shareholders, PSC distributed \u20b17.26 billion in cash dividends and issued a 100% stock dividend in 2024. This move, which capitalized excess retained earnings, rewarded investor confidence and underscored the company\u2019s sound financial health.<\/p>\n\n\n\n

Jose Victor P. Paterno, chairman of the Board at Philippine Seven Corporation, said their performance is a direct result of their strategic focus on innovation, customer convenience, and responsible expansion, adding that \u201cas we move forward, our focus remains on enriching the lives of our customers through innovation and convenience.\u201d<\/p>\n\n\n\n

The opening of 7-Eleven\u2019s 4,000th<\/sup> store was a major milestone in PSC\u2019s operation as it coincided with its 40th<\/sup> anniversary. This celebrates the brand\u2019s journey from a single store to a trusted presence in communities across Luzon, Visayas, and Mindanao. By year-end, the network had grown to 4,130 stores.<\/p>\n\n\n\n

\u201cReaching 4,000 stores in our 40th year is a testament to the trust we\u2019ve earned from our customers and the dedication of our entire team. We are proud to be an integral part of daily Filipino,\u201d shared Jose T. Pardo, PSC\u2019s chair emeritus and member of the Advisory Board.<\/p>\n\n\n\n

Leadership Transition<\/strong><\/p>\n\n\n\n

This year marks a pivotal moment in PSC\u2019s corporate journey. Jose Victor Paterno formally assumes the role of chairman of the Board, succeeding Jose T. Pardo who now takes on the role of Chair Emeritus and member of the Advisory Board. PSC\u2019s longtime chief of operations, Richard Lee steps into the role of president.<\/p>\n\n\n\n

This transition is a testament to the company\u2019s strong succession planning and strategic continuity. Paterno and the Board expressed full confidence in Lee\u2019s leadership, citing his deep understanding of the business, operational excellence, and longstanding contributions<\/p>\n\n\n\n

to PSC\u2019s growth.<\/p>\n\n\n\n

Lee has played a key role in building operational alignment with PSC\u2019s regional partners, particularly 7-Eleven Taiwan, whose technical and strategic collaboration has been instrumental to PSC\u2019s success in the Philippine market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Through a collaboration with Pito AXM Platform, Inc., PSC invested in cash-recycling ATMs which not only enhance operational efficiency but also serve as a vital tool for financial inclusion in underserved communities. By the end of 2024, 3,493 stores or 84% of the network \u00a0were equipped with cash-recycling ATMs.<\/p>\n","protected":false},"author":14,"featured_media":10475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[2510,1657,19,650,20],"class_list":["post-10474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-showcase","tag-7-eleven","tag-business","tag-health","tag-nutrition","tag-wellness"],"_links":{"self":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/10474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/comments?post=10474"}],"version-history":[{"count":1,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/10474\/revisions"}],"predecessor-version":[{"id":10476,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/10474\/revisions\/10476"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media\/10475"}],"wp:attachment":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media?parent=10474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/categories?post=10474"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/tags?post=10474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}