$AEON (8267.JP)$ ### AEON's Latest Performance Report: Steady Growth of the Retail Giant
On July 13, 2024, AEON Corporation, Japan's largest retailer, announced its performance for the first quarter of the fiscal year ending in February 2025, demonstrating steady growth. The following are the main points:
#### Increase in Revenue
In the first quarter, Aeon's revenue increased compared to the same period last year. In particular, the growth of the food division and online sales was remarkable, as a result of successful strategies that met consumer demand. Online sales have continued to grow even after the pandemic, and the company's digitalization strategy has been successful.
#### Expansion of Profit
Operating profit also improved compared to the same period last year. Thorough cost management and efficient operations contributed to the improvement in profit margins. In particular, the reduction of logistics costs and the streamlining of store operations were important factors.
#### Successful Overseas Expansion
Aeon's overseas business was also strong. Successful new store openings and product launches tailored to local needs contributed to the increase in revenue, particularly in the Asian market. Market share expansion in China and Southeast Asia was remarkable, and further growth is expected.
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