CP All Expands Nationwide in Thailand with 199 New 7-Eleven Stores as Sales Rise 8.8 Percent. On November 14th, 2024, CP All PCL announced its Q3 2024 earnings, reporting total revenue of 241.28 billion baht, a 6.6% increase from last year.- The Pattaya News

CP All Expands Nationwide in Thailand with 199 New 7-Eleven Stores as Sales Rise 8.8 Percent

Kittisak PhalaharnThursday, 14 November 2024, 22:51

National —

On November 14th, 2024, CP All PCL announced its Q3 2024 earnings, reporting total revenue of 241.28 billion baht, a 6.6% increase from last year. 

The rise in revenue was attributed to robust sales growth across all business units, including convenience stores, retail, and wholesale, supported by ongoing government economic stimulus measures and increased tourism.

Despite challenges from heavy rains, CP All's O2O strategy helped drive revenue, with the company's 7-Delivery and All Online services contributing approximately 11% of total sales. 

The 7-Eleven convenience store sector, which opened 199 new branches in Q3, recorded sales of 107.85 billion baht, up 8.8% from the previous year. Average sales per store per day reached 81,781 baht, with a 3.3% growth in same-store sales.

Net profit for Q3 was 5.61 billion baht, marking a 44.1% increase. Over the first nine months of 2024, CP All and its subsidiaries earned a total revenue of 730.23 billion baht, with net profit up 46.3% year-over-year at 18.46 billion baht.