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Metro Retail earnings drop
Manila Bulletin
|May 21, 2025
Expansion costs and lower same-store sales weighed down the earnings of Gaisano-led Metro Retail Stores Group Inc. (MRSGI), which fell 73.4 percent to P13.4 million in the first quarter of 2025 from the P50.3 million earned in the same period last year.
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In a disclosure to the Philippine Stock Exchange (PSE), the firm said this is due to non-cash charges related to the company’s ongoing expansion program. In April, MRSGI’s total store network grew to 72 stores with the opening of a Metro Value Mart in Talisay City, Cebu.
MRSGI reported P8.9 billion in net sales for the first quarter of 2025, a two-percent increase from P8.73 billion for the same period in 2024.
This story is from the May 21, 2025 edition of Manila Bulletin.
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