PHILIPPINE Seven Corp., the local licensee of the 7-Eleven convenience chain, is spending up to P5 billion to open 400 new stores nationwide this year.
“I think our total capital expenditures (capex) is up to P5 billion for this year to open new stores,” Philippine Seven Chairman Jose Victor Paterno told reporters last week.
“We have 400 stores opening; hopefully, by the end of the year, those [have] already broken ground,” he added.
Despite the uncertainties brought on by the war in the Middle East, the company remains confident about hitting a 5,000th-store milestone this year.
“Yes, we’re still on track,” Paterno said.
As of end-2025, Philippine Seven operated a total of 4,491 stores nationwide, 53 percent of which are company-owned while 47 percent are franchise-operated.
It opened 423 new stores and closed 62 stores in 2025, resulting in a net increase of 361 stores.
Asked about this year’s net income outlook, Paterno said the company remained bullish.
“We’re quite bullish, quite optimistic,” he said, without providing any figures. Last year, the company’s net income reached P3.6 billion.
Philippine Seven has been operating the 7-Eleven chain of convenience stores in the country since 1984. It opened its first store in February 1984 at the corner of Kamias Road and EDSA Quezon City, Metro Manila.
The company’s shares closed unchanged at P34.00 each on Thursday.
THE MANILA TIMES
