Robinsons Retail Holdings Inc. (RRHI), one of the largest multi-format retailers in the Philippines owned by the Gokongwei Group, said it plans to spend up to P7 billion in 2025 capital expenditures primarily to roll out more stores.
RRHI said in a recent investor presentation about P5 billion to P7 billion would support the store expansion of various brands this year.
It plans to add 130 to 170 stores across its brands which include supermarkets, department stores, drugstores, convenience stores appliance and toy shops.
RRHI had 2,453 stores as of end-2024, consisting of 761 food stores, 1,133 drugstores, 50 department stores, 227 DIY stores and 282 specialty stores. It also had 2,115 franchised stores of TGP.
RRHI has same store sales growth guidance of 2 percent to 4 percent and 30 to 40-basis-point increase in gross margins as domestic consumption is expected to improve amid stabilizing inflation rate.
RRHI president and chief executive Stanley Co said in a previous statement the company would look for more ways to grow the business, while continuing to integrate sustainability agenda into the group’s value chain.
The retail firm more than doubled its net income in 2024 to P10.3 billion, boosted by one-time gain from the merger of Robinsons Bank into the Bank of the Philippine Islands which was booked in the first quarter.
Core net income, which excludes extraordinary gains/losses, jumped 3.7 percent to P6.3 billion, driven by higher gross profit and improved operational efficiencies.
Consolidated net sales climbed 3.7 percent to P199.3 billion as same-store sales growth improved to 1.5 percent.
Food retail accounted for 60.4 percent of total net sales, followed by drugstores at 18 percent and department stores at 8.3 percent.
“Our company managed to sustain its growth trajectory in 2024 despite challenging market conditions. Such an achievement is a testament to the resiliency of our core business and our ability to be agile to evolving market dynamics,” Co said.
RRHI also owns 23 percent of O! Save—a hard discount supermarket chain founded in 2021.