Signage for 7 Eleven convenience store in Lafayette, California, May 13, 2026. (Photo by Smith Collection/Gado/Getty Images)
The parent company of 7-Eleven has provided new details about its plans to shutter hundreds of U.S. convenience stores during its current fiscal year.
Dig deeper:
Earlier this year, Seven & i Holdings said in a regulatory filing that it expected to close 645 7-Eleven stores during fiscal year 2026.
In its latest quarterly earnings report, the company outlined several initiatives aimed at reshaping its store network, including planned closures, store conversions, remodels and new locations.
RELATED: 7-Eleven plans to close 645 stores during 2026 fiscal year
According to the presentation, Seven & i Holdings intends to close 200 unprofitable 7-Eleven stores during fiscal year 2026. As of the first quarter, 45 stores had already been closed.
The company also plans to convert 350 convenience stores into wholesale fuel sites this fiscal year, with 72 conversions completed through the first quarter.
In addition, Seven & i Holdings expects to convert 390 company-operated stores into franchises during the fiscal year and has completed 43 conversions so far.
Even as it reduces its store footprint, the company is continuing targeted expansion. It plans to open 205 new stores during the fiscal year, including 30 that had already opened by the end of the first quarter.
What's next:
Plans to remodel 200 stores are expected to begin in the second half of the fiscal year.
Overall, the company's previously announced restructuring plan would reduce the number of 7-Eleven stores in the U.S. from 12,712 at the end of February to 12,272 by the close of the fiscal year, a net decline of 440 locations.
For comparison, Seven & i Holdings reported operating 13,145 7-Eleven stores in late 2024.
Company data shows its North American business has experienced softer performance as customer traffic has declined.
Big picture view:
The closures are part of Seven & i Holdings' broader effort to streamline operations and optimize its store portfolio. The company has not identified which specific locations will be closed.
The Source: FOX Business contributed to this report. The information in this story comes from Seven & i Holdings' latest quarterly earnings report and accompanying investor presentation, which detailed the company's fiscal year 2026 plans for store closures, conversions, remodels and new openings. This story was reported from Los Angeles.