It also reported a 2.9 percent increase in consolidated net sales of P45.9 billion. This was bolstered by new store openings and strong performance in the food retail and drugstore segments.
Blended same store sales growth normalized to 0.9 percent. The performance was also impacted by a high comparison base from the past two years and impacted by the Holy Week closure of non-essential stores in March 2024.
Despite these challenges, the company achieved a 3.6 percent increase in gross profit to P10.9 billion and a 3.4 percent rise in operating income to P1.9 billion, benefiting from a better product mix and increased supplier support.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
