Wilcon expects sales to recover

Wilcon Depot, Inc. (Wilcon), the country's leading home improvement and finishing construction supply retailer, expects its earnings to return to a growth trajectory even though it continued to decline in the first quarter as it observes a rising trend in consumer spending.

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"Despite the drop in net earnings, which was mainly driven by lower sales in the first two months of the year, we are expecting a turnaround especially in the second half given the encouraging average daily sales right before and right after the long Easter holidays in April," said Wilcon President Lorraine Belo-Cincochan.

She noted that, "Should this sales trend continue and especially if it improves further, we expect to reverse the decline in net earnings in this quarter or later in the year."