BANGKOK, Thailand — CP All Pcl (CPALL), the operator of 7-Eleven stores in Thailand, reported second-quarter net profit of 7.51 billion baht, up 11% year on year, despite revenue growth of 3.6%.
The company recorded total revenue of 265.76 billion baht in the second quarter, while first-half net profit reached approximately 16.63 billion baht, an increase of 15.9% from about 14.35 billion baht in the same period last year.
The 7-Eleven convenience-store business remained the group’s main earnings engine. In the second quarter, 7-Eleven generated 123.72 billion baht in sales and service revenue, up 5.1% from a year earlier. Operating profit increased 11% to 13.64 billion baht, while net profit rose 13.5% to 10.39 billion baht.
For the first six months, the convenience-store business generated roughly 246 billion baht in sales and service revenue and nearly 18 billion baht in net profit. The company’s results were helped by seasonal factors including hot weather, domestic travel and a recovery in foreign tourist arrivals. These factors supported consumer traffic and demand for convenience products. CPALL said average sales per 7-Eleven store remained an important contributor to performance, while its continuing store expansion provided an additional source of revenue growth.
7-Eleven expansion continues
At the end of the second quarter, CPALL operated 16,284 7-Eleven stores in Thailand, compared with 15,945 at the end of 2025. The company plans to open approximately 700 new stores in Thailand during 2026, meaning more than 360 additional outlets would need to be added during the second half of the year to reach the target.
The expansion gives CPALL another avenue for growth even when same-store sales growth slows. A larger store network also strengthens the company’s distribution infrastructure, purchasing power and ability to introduce additional products and services through its outlets. CPALL’s broader business includes wholesale and retail operations as well as businesses supporting its convenience-store network. The company is listed on the Stock Exchange of Thailand under the CPALL ticker.
Analysts remain positive
Analysts have generally maintained a positive view of CPALL, with attention now turning to the company’s second-half performance and the trajectory of same-store sales. The key question is whether the strong profit growth seen in the first half can continue if same-store sales momentum moderates. The company’s official second-quarter presentation shows that CPALL continues to focus on store expansion, sales growth and improving operating efficiency as major drivers of its performance. With 7-Eleven continuing to account for a substantial portion of the group’s earnings, the performance of the convenience-store network will remain central to CPALL’s growth outlook for the remainder of 2026.
Source: CP All and Stock Exchange of Thailand.
