Food retail strength fuels Metro Retail earnings surge in Q1 2026

Net income surged 92.5% to $0.418m in Q1 2026

Metro Retail Stores Group, Inc. (MRSGI) reported a 92.5% increase in consolidated net income after tax to $0.418m (₱25.8m) in the first quarter of 2026, driven by higher sales and improved margins.

Consolidated net sales rose 5.4% year-on-year to $152.14m (₱9.38b), led by a 6.3% increase in food retail sales and a 2.5% growth in general merchandise. Same-store sales grew 2.9%.

Gross margin improved to 21.7% from 21.3% a year earlier, supported by a stronger product mix and improved food retail performance.

Operating expenses increased 6.6% to $34.87m (₱2.15b) due to store expansion, network scaling, and the ramp-up of newly opened and renovated stores. EBITDA climbed 14.9% to $7.70m (₱474.7m).

During the quarter, MRSGI launched the pilot rollout of Generika Drugstore outlets in select Metro Retail branches, with the first two stores located in Ayala Feliz and Tagaytay. The company plans to open around 12 more stores before the end of the year.

MRSGI currently operates 81 branches across Luzon and the Visayas under several retail formats, including Metro Supermarket, Metro Department Store, Super Metro Hypermarket, Metro Value Mart, and Metro Home Improvement and Lifestyle.