Robinsons Retail Holdings Inc. (RRHI) reported a 35 percent drop in net income for the first quarter, falling to ₱489 million from ₱759.78 million a year earlier, mainly due to higher interest expenses linked to its reacquisition of shares from DFI Group.
Despite the decline in reported profit, RRHI said its core net income—excluding one-time items—rose 6 percent to ₱1.3 billion.
Net sales increased 10 percent to ₱52.75 billion, driven by higher spending per customer, store expansion, and contributions from Premiumbikes. Same-store sales also grew by 4.1 percent, helping push operating income up 3 percent to ₱2 billion.
During the quarter, RRHI bought back a 22.2 percent stake from DFI for ₱15.77 billion after the latter exited to focus on its core businesses. The two companies will continue working together through the exclusive distribution of DFI’s private label brands in the Philippines.
RRHI said it remains cautious as geopolitical tensions in the Middle East may raise costs and affect consumer spending in the coming months.
The company currently operates 2,782 stores nationwide across food, drugstore, department, DIY, and specialty segments, along with more than 2,100 franchised outlets.
