Robinsons Retail Holdings Inc. (RRHI) reported a 6.2% increase in core net earnings to P1.3 billion for the first quarter of 2026, driven by double-digit sales growth and improved consumer demand. However, net income attributable to equity holders fell 35.6% to P489 million, weighed down by higher interest expenses linked to share buyback financing and acquisition-related borrowings.
Net sales rose 10.3% to P52.8 billion, supported by a 4.1% blended same-store sales growth, larger basket sizes, store network expansion, and the full-quarter contribution of Premiumbikes. Gross profit climbed 9.6% to P12.7 billion, while EBITDA increased 5.7% to P3.9 billion. Operating income improved 3.7% to P2 billion as stronger revenues offset rising costs.
The company noted that non-operational items, including losses from equity investments, were excluded from core earnings. RRHI president and CEO Stanley Co said the firm remains cautious amid global uncertainties, particularly geopolitical tensions in the Middle East that are driving up operating costs and dampening consumer confidence.
"As we enter the second quarter, we remain focused on executing well in the areas within our control," Co said.
As of end-March, RRHI operated 2,782 stores nationwide across food, drugstore, department store, DIY, and specialty formats, along with over 2,100 franchised stores under The Generics Pharmacy (TGP). The company plans to continue disciplined execution and network expansion to sustain growth in a challenging environment.