GOKONGWEI-LED Robinsons Retail Holdings Inc. (RRHI) on Tuesday reported a 4.3-percent increase in core earnings to P2.8 billion in the first half (H1), driven by strong revenue growth and improved operating efficiencies across business segments.
Consolidated sales climbed 5.1 percent year on year to P98.5 billion with blended same-store sales growth (SSSG) at 3.9 percent, it told the stock exchange.
Operating income reached P4.3 billion, up 5.2 percent from the previous year, but attributable net income declined 66.9 percent to P2.3 billion due to the absence of a one-time gain booked early last year from the Bank of the Philippine Islands-Robinsons Bank merger.
For the second quarter alone, core earnings rose 3.9 percent to P1.5 billion, which was said to have been supported by strong revenues and effective cost management.
Consolidated net sales for the quarter jumped 5.9 percent to P50.7 billion as SSSG rose 4.8 percent, boosted by election- and back-to-school-related spending and slower inflation, which helped boost consumer demand for both essential and discretionary categories.
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“The sustained recovery in basket sizes, along with our continued focus on improving assortment, has enabled us to accelerate growth and exceed our full-year SSSG target in the second quarter,” Robinsons Retail President and CEO Stanley Co said in a statement.
“We intend to build on this momentum by further expanding our store network and driving operational efficiencies in the coming months,” he added.
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The company’s food, drugstore and department store formats were cited as key growth drivers during the quarter.
Operating income rose 7.4 percent to P2.4 billion during the quarter on prudent cost control and better supplier terms, among others.
However, net income attributable to equity holders of the parent dropped 13.2 percent to P1.5 billion, impacted by higher equitized losses from minority investments and an increase in interest expenses due to additional borrowings.
As of end-June 2025, RRHI operated 2,471 company-owned stores across various formats, including 763 food stores, 1,145 drugstores, 51 department stores, 228 DIY stores and 284 specialty stores, along with 2,116 franchised branches of The Generics Pharmacy.
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RRHI shares shed 60 centavos, or 1.52 percent, to close at P39.00 apiece on Tuesday.
