Metro Retail Posts 73% Plunge in Q1 Income, Pushes Store Expansion - BusinessWorld Online

Metro Retail posts 73% plunge in Q1 income, pushes store expansion - BusinessWorld Online

LISTED Metro Retail Stores Group, Inc. saw its first-quarter (Q1) net income fall 73.4% to P13.4 million from P50.3 million last year, weighed down by non-cash charges linked to its expansion program. Despite the decline, the company is actively expanding its store network, reaching 72 outlets with the opening of a new Metro Value Mart in Talisay City, Cebu last month. “Through 2025, Metro Retail will continue to elevate customer experience, opt…

MRSGI's Q1 earnings drop on expansion costs, lower same-store sales

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 ₱13.4 million in the first quarter of 2025 from the ₱50.3 million earned in the same period last year.In a disclosure to the Philippine Stock Exchange, 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…