7-Eleven is ranked second on the newly released list of IBISWorld 2017 Top 500 Private Companies in Australia, moving up from third spot despite its recent problems.
The companies on the list, headed by paper, packaging and recycling firm Visy, have combined revenue of $202.6 billion, representing 4.2 per cent of revenue generated by all listed and private businesses.
Several newcomers appear on the list and the retail, construction and healthcare sectors have shown strong performance. Some of the retail/wholesale companies listed include:
- 7-Eleven (ranked two) with an increase in revenue of 11.5 per cent year on year to $4.27 billion.
- Peregrine Corporation (12): revenue up by 13.10 per cent year on year to $2.11 billion.
- APCO Service Stations (196): revenue up by 10.70 per cent year on year to $293.82 million.
- Pacific Petroleum (231): revenue up by 22.60 per cent year on year to $248 million.
- SPAR Australia (345): revenue up by 2.6 per cent year on year to $152 million.
- Accredited Distributors (463): revenue up by 13.6 per cent year on year to $89.73 million.
“We don’t typically see major changes in the top 20,” IBISWorld Senior Industry Analyst Nathan Cloutman said. “However, three newcomers made it into the top 20: Hutchinson Builders rose from 19 to nine on the back of $2.3 billion worth of non-residential construction contracts in 2015-16, Queensland Sugar climbed from 13 to 10, largely driven by higher sugar prices, while Deloitte Touche Tohmatsu moved from 22 to 17 as a result of strong client demand.”
Visy maintained its position at the top of the list, generating $2.2 billion more in revenue than 7-Eleven. Visy’s revenue growth for the past year returned to double digits at 14 per cent, compared with 1.8 per cent growth over 2015-16. Site acquisitions, product innovation and Asian expansion have been focus areas for the packaging giant over the past year, Mr Cloutman notes.
After a tumultuous 12 months, 7-Eleven moved back to second position following a couple of years in third spot. The company’s revenue attributable to convenience stores has been growing faster than the overall convenience-stores industry. Mr Cloutman says he expects this trend to continue, with strong support systems for franchisees, low purchase prices and significant investment in advertising and marketing.