Philippines · Delayed Price · Currency is PHP Wilcon Depot Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 9.1% sales growth and a 4.9% net income increase, despite margin contraction from a shift in sales mix and higher logistics costs. Management expects double-digit sales growth for the year, with renovation demand and store expansion supporting performance.
Fiscal Year 2025
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Q3 saw net sales rise 8.6% year-on-year and net income up 15.8%, with strong performance in exclusive brands and Metro Manila stores. Despite margin compression and challenges from calamities and competition, full-year same-store sales growth is expected to be positive.
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Second quarter and first half results showed lower sales and net income year-on-year, but sales trends improved in June and July. Gross margins remain pressured by pricing and product mix, while cost containment and store expansion continue. Management maintains a cautious but optimistic outlook for the second half.
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Q1 2025 saw modest sales growth but a sharp drop in net income due to margin contraction and higher expenses. Management expects a low positive SSG for the year, supported by store reopenings and operational improvements, while maintaining a focus on dividends.
Fiscal Year 2024
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Net sales and net income declined year-on-year due to weak demand and margin pressure, with Q4 2024 marking the lowest margin point. Management expects mid-single digit sales growth in 2025, focusing on store expansion and operational improvements.