7-Eleven targets 5,000-store milestone in 2026

MANILA, Philippines —  Philippine Seven Corp. (PSC), the exclusive licensee of convenience store giant 7-Eleven in the Philippines, aims to reach its 5,000th store milestone next year as the company aims to sustain its aggressive store expansion.

PSC chairman Jose Victor Paterno said the company plans to accelerate its store expansion next year, potentially opening more than 500 branches.

“I think it’s pretty safe to say that it should be at least 5,000 stores sometime next year,” he said.

PSC is opening 500 7-Eleven branches this year, the most in the company’s history.

With the addition of new stores this year, the company is expected to end 2025 with 4,550 to 4,600 stores.

PSC opened its first 7-Eleven store at the corner of EDSA and Kamias Road in Metro Manila in 1984.

Last year, the company reached a new milestone with the opening of the 4,000th 7-Eleven store at the Newport District in Pasay.

Paterno said that more than half of the company’s new stores this year will be located in Visayas and Mindanao.

Its continuing expansion is fueled by demand in the provinces, supported by the favorable economic environment in the country.

In terms of capital expenditures, PSC has allocated P5.5 billion for 2025.

Paterno formally assumed the role of chairman of the board yesterday, succeeding Jose Pardo, who now takes on the role of chair emeritus and member of the advisory board.

Meanwhile, PSC’s longtime chief of operations, Richard Lee, has stepped into the role of president.

Lee has played a key role in building operational alignment with PSC’s regional partners, particularly 7-Eleven Taiwan, whose technical and strategic collaboration has been instrumental to PSC’s success in the Philippine market.

“Richard has been an integral part of our leadership team for years. His steady hand, commitment to execution and strong ties with key stakeholders in Taiwan will help carry PSC into its next chapter,” Paterno said.

PSC delivered strong financial results in 2024, with net income climbing by 9.4 percent to P3.81 billion.

The growth was driven by a 13.8-percent surge in system-wide sales to P93.5 billion.