Restructuring, store upgrades boost Central Retail Corporation’s Q1 core profit

It posted a record first quarter profit.

Thailand's Central Retail Corporation Public Company Limited (CRC) reported an all-time high first-quarter core profit in 2026, as portfolio restructuring, store upgrades and a shift in retail mix supported earnings.

The company said in a press release that core profit from continuing operations rose alongside revenue growth, driven by portfolio optimisation focused on Thailand and Vietnam.

It said it concentrated resources on core markets and reallocated capital towards higher-return retail formats.

CRC expanded and upgraded its store network, including branch expansion, renovations and brand adjustments to reflect changing consumer behaviour, adding that these actions supported productivity improvements across its retail operations.

The group added value retail exposure through master franchise rights for South Korea’s “No Brand” and increased exposure to premium sports retail through a stake in JD Sports Thailand.

The company said consumer spending remained steady across its portfolio despite geopolitical tensions and energy-related pressures.

Panet Mahankanurak, chief financial officer of CRC, said the company focused on capital discipline, investment efficiency and risk monitoring whilst maintaining financial flexibility.

CRC participated in government-linked cost-of-living measures through TOPS and GO WHOLESALE, offering discounted essential goods and vehicle inspection services via AUTO1.

The company also expanded solar power adoption and increased electric vehicle deployment as part of its operating initiatives.