Seven & i Holdings stated that “it expects it will have to take a hard look at its supply chain and rein in costs as U.S. consumers grapple with the impact of U.S. tariffs,” Reuters reported. Revenue from North America accounts for 73% of Seven & i's overall sales.

Incoming CEO Stephen Dacus noted that the biggest impact of U.S. tariffs on the company will be from consumer behavior rather than its suppliers directly. "In that environment, you need to look harder at your supply chain, you need to make sure you squeeze your costs really tightly, so you have really good control of it," he said.

According to Reuters, U.S. consumer sentiment deteriorated in April and 12-month inflation expectations surged to the highest level since 1981.

Seven & i still plans to list its North American subsidiary in the second half of 2026, but this will depend on market conditions at the time and a delay is possible, Dacus told Reuters. "The initial public offering gives us the financial flexibility to invest a bit more aggressively in our stores," he said, adding that he wanted to increase the number of stores with quick service restaurants as they are more profitable.

“Even if they have less money, they still have basic needs. They still have a choice of where to go,” he told the Wall Street Journal. “If you can make sure that you are the first choice, you’re still going to do just fine, even if the economy goes down.”