Robinsons Retail Core Profit Jumps 6.2% in Q1 on Robust Sales Growth

Robinsons Retail Holdings Inc. reported a 6.2% increase in core profit for the first quarter, driven by strong sales across its store network. The company's net income reached ₱1.2 billion, up from ₱1.13 billion in the same period last year. Revenue grew 8.5% to ₱45.6 billion, fueled by higher consumer spending and the expansion of its supermarket and department store chains. The company attributed the performance to effective promotional campaigns and improved supply chain efficiency. Looking ahead, Robinsons Retail remains optimistic about sustained growth despite inflationary pressures.