Robinsons Retail profit jumps 63%, sales up 16.7%

Gokongwei-led Robinsons Retail Holdings Inc. reported a 63% increase in nine-month profit to P4.4 billion, with sales jumping 16.7% to P127.1 billion.

The company's third-quarter net income rose 60.8% to P1.67 billion due to higher volumes and operating leverage from the economy reopening.

Robina Gokongwei-Pe, president and CEO of Robinsons Retail, attributed the strong performance to sustained reopening trends and increased travel and tourism.

Net sales in Q3 accelerated by 19.3% to P44.7 billion, exceeding pre-pandemic levels, with core net earnings surging 91.4% to P1.4 billion.