Management’s view
“Our company managed to sustain its growth trajectory in 2024 despite challenging market conditions. Such an achievement is a testament to the resiliency of our core business and our ability to be agile to evolving market dynamics,” said Stanley Co, president and CEO of Robinsons Retail, which operates supermarkets and specialty shops.
“Looking ahead in 2025, we remain steadfast in looking for more ways to grow the business, while continuing to integrate our sustainability agenda into our value chain,” he added.
Cautious consumer spending
Revenue grew 3.7 percent to P199.2 billion, supported by steady demand in its food and drugstore businesses and sales from new stores.
Same store sales rose by 1.5 percent, a modest increase reflecting stable but cautious consumer spending.
However, fourth-quarter growth was stronger at 3.4 percent, led by food at 4.1 percent and department stores at 6.6 percent, signaling improved momentum from the busy holiday season.
Fourth quarter net income also increased by 62.4 percent to P2.5 billion, while core earnings rose by 21.9 percent to P2.3 billion, as stronger same store sales and better cost control supported profitability.
Focus on better margins
Gross profit expanded by 8.7 percent to P13.8 billion, driven by an improved product mix, higher sales of private-label and imported brands, and strong vendor partnerships.
By the end of 2024, Robinsons Retail operated 2,453 stores, including food, drugstore, department store, DIY, and specialty outlets. It also managed 2,115 TGP franchised stores, further expanding its nationwide retail presence.
