Robinsons Retail Holdings, Inc. (RRETY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everybody. Thank you for joining us to review Robinson's details and audit the results for the first quarter of this year, 2025. I am Gina Dipali, the company's investor relations officer. The speakers for this call are the following. Stanley Koh, our president and CEO. Eileen Kasiban, our CFO. Christine Tuarez, the managing director of the big formats for the full segment. Joanne Arceo, the Group General Manager of the Drugstore segment. Selena Chua, the Group General Manager of Robinsons Department Store, Toys R Us, Solacanide Espacio. Ted Sobono, the Group General Manager of DIY and Vents. Joven Santos, the Group General Manager of the Appliance segment. Chairman Romina Gautamite is also on the call. Last question. It's the agenda for this afternoon's call. We will provide an overview of our financial performance and share key updates across our organization. As a reminder, for the Q&A session, please use the Q&A function on the Zoom dashboard to write in your questions. Please leave initially the maximum of any questions. And you can log in if you have additional questions. With that, I will turn you over to Stanley. Thank you, Gina. Good afternoon, everyone. Here are the highlights by results for the first quarter of 2025. Consolidated net sales increased by 4.2% to $47.8 billion. Lended same-store sales growth came in at 3%. Cross-profit accelerated by 6.2% to $11.6 billion. EBIT increased by 2.7% to $1.9 billion. And net income to parent dropped 85%. to 760 million as reported in the one-time gain from the PPI-R bank merger last year. Consolidated net sales came in at 47.8 billion, up by 4.2%. Same-store sales growth accelerated to 3% from last year. Growth was supported by additional selling days as Holy Week shifted to April, partially offset...