Japan's Seven & i Holdings , operator of the 7-Eleven convenience store chain, said operating profit fell 24% in the latest quarter, missing analysts' estimates, as inflation hit consumer spending in Japan and North America.

Seven & i reported a drop in quarterly net profit but promised to complete restructuring and seek further growth globally.

Seven & i Holdings (OTCPK:SVNDY) trader lower in Tokyo and Tuesday after reporting a significant decline in profits. Operating profit was down 24% year-over-year to ¥128.4 billion ($812 million) during the three-month period that ended on November 30.

Japan's Seven & i Holdings, operator of the 7-Eleven convenience store chain, reported on Thursday a drop of 24% in quarterly operating profit, missing analysts' estimates. Profit fell to 128 billion yen ($809.