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President Chain Store Reports Record Highs in H1 Profit, Forecasts Strong Q3 Performance

Convenience store operations and reinvestments drive President Chain Store's 17.2% profit increase
Taiwan
p 2912.TW Mid and Small Cap 2000
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President Chain Store Corp. has announced impressive financial results for the first half of the year, with a net profit after tax of NT$6.3 billion (approximately US$203 million), marking a 17.2% annual increase. This translates to a net profit per share of NT$6.06, setting new records for both metrics in the same period. The company anticipates continued growth in the second half, buoyed by the traditional peak season for convenience stores in the third quarter.

For the second quarter alone, President Chain Store reported a net profit after tax of NT$3.356 billion (approximately US$108 million), an annual increase of 31.45%, with a net profit per share of NT$3.23. Excluding the exceptional EPS record of NT$21.55 in Q4 2017 due to the sale of Shanghai Starbucks, the latest figures represent record highs.

The company’s reinvested ventures, including 7-ELEVEN Philippines, Uni-President Life (Cosmed), Uni-President Express (Black Cat Delivery), and Youlu Life (Taiwan Starbucks), have all performed well, contributing effectively to overall revenue.

7-ELEVEN Taiwan, a key component of President Chain’s portfolio, saw a net increase of 159 stores in the first half of the year, bringing the total to over 7,000 locations. The company has implemented innovative services tailored to various business districts, including the introduction of 7-ELEVEN Fresh, a new format combining freshly made food with supermarket offerings. This diversification has supported steady revenue growth per store.

Strategically, 7-ELEVEN Taiwan focuses on innovation, excellence, and integration, employing practices such as enhancing store quality, optimizing differential structures, integrating digital platforms, and expanding online business opportunities. These efforts have driven sales growth across various product categories, including fresh food, beverages, and snacks.

In response to the evolving retail landscape, 7-ELEVEN Taiwan has launched more than 100 IP co-branded stores, leveraging the internet celebrity economy. The company is also investing in future retail technologies through its 7 X-STORE technology experimental field, successfully deploying self-checkout and smart machine services in nearly 2,000 stores. Selected stores now offer sustainable services, such as charging stations, smart recycling machines, and solar panels, emphasizing the company’s commitment to green initiatives.

By integrating resources across the group, 7-ELEVEN Taiwan has also launched community-focused stores, offering multi-industry services such as Mister Donut, COLD STONE, 21TO GO counters, and Semeur compound stores, thereby enhancing the local consumer experience and meeting diverse community needs.

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