Robinsons Retail Holdings, Inc. (RRETY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's already 4 o'clock. Good afternoon, everybody. Thank you for joining us. We have 500 results for the full year of 2024. I am Gina Dipali, the Company's Investor Relations Officer. The speakers for today are standing for our newly appointed President and CEO, Mayreen Kasiman, our CFO. Christine Tuarez, the managing director of the big formats for the food segment. Joanne Arceo, the group general manager of the drugstore segment. Nina Pruest-Luisa, the general manager of Robinson's department store and duty. Ted Sogono, the group general manager of DIY and Pets. And Jody Sanfos, the group general manager of our appliances segment. Our chairman, Ms. Robina Gokumolpe, is also in this call. That is the agenda for this afternoon's call. We will provide an overview of our financial performance and outlooks on our minority investments. As a reminder for the Q&A session, please use the Q&A function on your Zoom.org to invite in your questions. Please limit initially to a maximum of three questions, including follow-ups. You may queue back into the Q&A box for additional questions. If you would like to ask your questions live, you may use the raise hand function. With that, I will now turn you over to Stanley, our President of CAO. Thank you, Gina. Here are the highlights for results for the fourth quarter of 2024. Consolidated net sales increased by 5.3% to 56.8 billion. Blended same-store sales growth came in at 3.4%. Cross-profit accelerated by 8.7%, 38.8 billion. EBIT grew faster by 20.9% to 3.4 billion. Cornette earnings registered at 2.3 billion, higher by 21.5% versus last year. And net income to parent of 2.5 billion, 62.4% higher. For the fall year 2020 for highlights, consolidated net sales of 199.2 billion, higher by 3.7%. Blended sales for sales growth of 1.5%....