Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Bilyonaryo Robina Gokongwei Pe-led Robinsons Retail Holdings saw its net income rise by 26.7 percent to an all-time high of P5.7 billion last year as sales exceeded pre-pandemic levels.

Consolidated net sales increased by 16.6 percent to P178.82 billion on the back of a 12 percent growth in same store sales as well as new store openings.

Core earnings (net income excluding foreign exchange, interest income from bonds, equitized earnings from Robinsons Bank, and others) reached a record P5.3 billion, up 39.1 percent year-on-year.

“In 2022, our businesses directly benefitted from the economy’s gradual return to normalcy, including back to face-to-face classes in schools, increased travel and tourism, and the first normal holiday season in two years,” RRHI said.

Gokongwei-Pe said the company is focused on improving store efficiency and increasing market coverage with more stores in the pipeline this year.

“We are pleased with our operating performance in 2022. Building on the momentum last year, our company will continue to take advantage of the economy’s return to normal,” she said.

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