President Chain Store Corp., Taiwan’s largest convenience store operator, reported record annual revenue of NT$337.93 billion ($10.74 billion) for 2024, with net income rising 8.72% to NT$11.54 billion ($366.8 million).
The company, which runs 7-ELEVEN stores in Taiwan and has investments in the Philippines, approved a cash dividend of NT$9 per share at its board meeting on February 26. Earnings per share reached NT$11.10, up from NT$10.21 in 2023, marking the second-highest EPS in the company’s history.
The convenience store chain’s strong performance was driven by its focus on innovation, operational excellence, and integration strategies across its diverse retail portfolio. President Chain Store has expanded beyond traditional convenience stores, opening new complex commercial spaces including “Par K* Avenue” and “ZEELAND-MARK” last year.
The company also launched “uniopen,” a new digital platform that connects its OPENPOINT rewards ecosystem to enhance customer engagement across its retail network.
In its core Taiwan 7-ELEVEN business, President Chain Store reported that its total service points exceeded 8,200 locations, implementing a “one store, one feature” strategy to meet local market demands. Stores offer various specialized services including fresh food, made-to-order beverages, vegetarian options, fresh produce, dessert counters, and pet supplies.
The retailer has gained recognition for sustainability efforts, being included in the Dow Jones Sustainability Indices, FTSE4Good Emerging Market Index, and receiving an “A-” leadership rating in the CDP carbon disclosure project.
