Consolidated net sales rose 4.2 percent to P47.8 billion, helped by strong performances from its food, drugstore, and department store businesses, plus extra selling days from the Holy Week shift.
Operating income edged up 2.7 percent to P1.9 billion, partly weighed down by higher manpower costs tied to wage hikes and employee benefits enhancements.
While net income dropped to P760 million due to a one-off gain last year, Robinsons Retail plans to accelerate store expansion and boost operational efficiency to sustain growth.
Meanwhile, gross profit grew faster than sales at 6.2 percent, reaching P11.6 billion, thanks to better product mix, supplier support, and tighter inventory control.
Management's view
“This year is off to a strong start, with the ongoing recovery in basket sizes continuing to drive revenue growth,” said Robinsons Retail president and CEO Stanley Co.
“To sustain this momentum, we will further optimize our assortment, accelerate store expansion, and unlock greater operational efficiencies. As we navigate the dynamic retail environment, we remain focused on creating long-term value for our stakeholders by strengthening our fundamentals and advancing our sustainability agendas,” he added.
The group now operates 2,448 stores nationwide, spanning food, drugstores, department stores, DIY shops, and specialty stores, along with 2,116 franchised branches of The Generics Pharmacy (TGP).
