<\/p>\n
LISTED Philippine Seven Corp. (PSC) said it has put aside as much as P5 billion in capital expenditures (capex) this yr because it plans to open 400 additional stores by yearend, pushing ahead with expansion despite global uncertainties linked to the Middle East conflict.<\/p>\n
\u201cI believe capex is P4 billion or P5 billion,\u201d PSC Chairman Jose Victor P. Paterno told reporters on the sidelines of Franchise Asia Philippines\u2019 2026 International Franchise Conference on Thursday.<\/p>\n
He said the corporate plans to open 400 latest 7-Eleven stores this yr despite oil price shocks from the continued war within the Middle East.<\/p>\n
\u201cWe will\u2019t really decelerate. We’ve 400 stores opening hopefully by the top of the yr, and people have already broken ground,\u201d Mr. Paterno said.<\/p>\n
He added that greater than half of the planned store openings will probably be within the Visayas and Mindanao.<\/p>\n
PSC is the exclusive licensee of the 7-Eleven convenience store brand within the Philippines and operates greater than 4,500 stores nationwide.<\/p>\n
Mr. Paterno said the corporate stays on the right track to expand its network to five,000 stores this yr.<\/p>\n
Despite the worldwide oil crisis weighing on retail prices, he said the corporate expects to perform higher than in the course of the pandemic, when mobility restrictions pushed consumers to buy more in supermarkets.<\/p>\n
He said convenience stores near residential areas may benefit as consumers look to avoid wasting on travel costs.<\/p>\n
\u201cWe haven\u2019t seen a decrease in sales as a result of the crisis,\u201d Mr. Paterno said. \u201cWe\u2019re attempting to keep operational costs down by hedging power.\u201d<\/p>\n
Greater than half of 7-Eleven stores within the country are franchised, he said.<\/p>\n
PSC reported a 5.51% decline in its full-year 2025 net income to P3.6 billion from P3.81 billion a yr earlier, in line with its latest annual report posted on April 13.<\/p>\n
On the local bourse on Thursday, PSC shares closed unchanged at P34 apiece. \u2014 Beatriz Marie D. Cruz<\/strong><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" PHILSTAR FILE PHOTO LISTED Philippine Seven Corp. (PSC) said it has put aside as much as P5 billion in capital expenditures (capex) this yr because it plans to open 400 additional stores by yearend, pushing ahead with expansion despite global uncertainties linked to the Middle East conflict. \u201cI believe capex is P4 billion or P5 […]<\/p>\n","protected":false},"author":1,"featured_media":323750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[17155,19012,19011,17176,972,899],"class_list":["post-323749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-7eleven","tag-capex","tag-p5b","tag-phl","tag-plans","tag-stores"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/323749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=323749"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/323749\/revisions"}],"predecessor-version":[{"id":323752,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/323749\/revisions\/323752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/323750"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=323749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=323749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=323749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}