7-Eleven’s planned IPO won’t happen until next year. | Photo: Shutterstock.
Those of you eager to buy stock the creator of the Big Gulp will have to wait a while longer.
Seven & I Holdings, the Japanese owner of 7-Eleven, said that it will delay a planned initial public offering of its North American business until next year, according to Restaurant Business sister publication CSP Daily News.
It comes amid soaring gas prices and consumer weakness. Same-store sales at the Irving, Texas-based 7-Eleven declined 0.4% in its 2025 fiscal year. While the company projected 2% same-store sales growth, it also suggested that customers were cutting back. Parent-company Seven & I said it expects net profits to fall this year.
“In North America, although the economy remained robust, personal consumption also began to soften, particularly among low-income households, as inflation continued to weigh on spending,” 7-Eleven said.
The company said that it still plans an IPO, but that it would be March next year “at the earliest.”
The Iran War has led to a spike in the price of oil, which has led to higher gas prices and increased overall economic uncertainty.
And it may well be pressuring 7-Eleven in North America, which could limit its valuation in an offering. According to Bloomberg, Seven & I want to strengthen the performance of its North America unit before taking it public.
Still, it’s the latest dose of uncertainty for 7-Eleven, whose parent company was targeted with an acquisition bid last year before that deal was withdrawn. After the deal collapsed, Seven & I announced a transformation plan that involved investing in new stores and a better food lineup, as well as the IPO.
Yet at the time, the company suggested that market conditions could delay the offering.
7-Eleven is a growing competitor to the fast-food business and owns some of its own restaurant brands, including Laredo Taco Company and Raise the Roost Chicken and Biscuits.
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