Robinsons Retail Holdings, Inc. reported a 24.8 percent growth in attributable net income to P1.2 billion in the first quarter of 2022 from P945 million in the same period last year.
The company said it benefited from its diversified formats amid the imposition of different alert levels, with strong performance from essentials and double-digit sales growth of non- discretionary formats. Same store sales growth was at 4.9 percent. Drugstore, department store and specialty store segments delivered double-digit SSSG, given increased economic activity resulting from eased restrictions starting February.
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