Here is the rewritten blog post in a polished and professional tone Robinsons Retail's Profit Surges Maybank Upgrades Outlook Amid Holiday Spending Boom In a recent report, Maybank Investment Banking Group has revised its net income estimates for Robinsons Retail Holdings Inc. (RRHI) upward by 14% and 8% for fiscal years 2025 and 2026, respectively, citing the company's impressive performance in 2024. Holiday Spending Fuels Profit Growth According to Maybank, RRHI's core net income reached PHP 6.3 billion, a 12% year-on-year increase for fiscal year (FY) 2024. This outstanding performance has led Maybank to raise its target price for RRHI shares to PHP 74 per share from PHP 69 previously, while reiterating its buy call for the stock. Maybank attributes RRHI's strong performance to increased holiday spending across supermarket, department, and specialty stores, characterized by higher ticket sizes indicating a willingness among customers to spend more on discretionary items during peak shopping periods. Same-Store Sales Growth Moderates While RRHI's overall sales growth remained robust, Maybank notes that same-store sales growth (SSSG) for FY 2024 slowed to 1.5% compared to 3.9% in the previous year. This deceleration is largely attributed to increased competition and market saturation. Food Segment Sees Resilient Recovery Uncle John's, RRHI's food segment, experienced a strong recovery from the third quarter, with SSSG clocking in at 4.4% for the fourth quarter. This growth was driven by a 5.1% increase in transaction count, indicating that customers are becoming more frequent and loyal shoppers. Private Labels Drive Sales Growth Private labels for food accounted for 7.2% of total sales, while GrowSari generated 10% of supermarket sales for FY 2024. These private label offerings have helped RRHI differentiate itself from competitors and attract price-conscious customers. Outlook for 2025 Robust Growth Expected For FY 2025, Maybank expects RRHI to continue its strong growth trajectory, with a net income growth projection of 14%. This growth is underpinned by revenue growth of 3.7% from 80 net store additions, SSSG of 2%, and flat gross product margin (GPM) at 24.2%. Maybank notes that transaction count will continue to drive SSSG over ticket size increase, suggesting that RRHI's customers are becoming more loyal and frequent shoppers. Conclusion RRHI's impressive performance in FY 2024 has led Maybank to revise its net income estimates upward for the company. With a robust outlook for FY 2025, investors may want to consider adding RRHI shares to their portfolios. As the retailer continues to grow its private label offerings and expand its store footprint, we can expect SSSG to remain a key driver of growth. Key Takeaways Robinsons Retail Holdings Inc. Maybank Investment Banking Group Retail sales growth Same-store sales growth Gross product margin Transaction count Loyalty program

Here is the rewritten blog post in a polished and professional tone Robinsons Retail's Profit Surges Maybank Upgrades Outlook Amid Holiday Spending Boom In a recent report, Maybank Investment Banking Group has revised its net income estimates for Robinsons Retail Holdings Inc. (RRHI) upward by 14% and 8% for fiscal years 2025 and 2026, respectively, citing the company's impressive performance in 2024. Holiday Spending Fuels Profit Growth According to Maybank, RRHI's core net income reached PHP 6.3 billion, a 12% year-on-year increase for fiscal year (FY) 2024. This outstanding performance has led Maybank to raise its target price for RRHI shares to PHP 74 per share from PHP 69 previously, while reiterating its buy call for the stock. Maybank attributes RRHI's strong performance to increased holiday spending across supermarket, department, and specialty stores, characterized by higher ticket sizes indicating a willingness among customers to spend more on discretionary items during peak shopping periods. Same-Store Sales Growth Moderates While RRHI's overall sales growth remained robust, Maybank notes that same-store sales growth (SSSG) for FY 2024 slowed to 1.5% compared to 3.9% in the previous year. This deceleration is largely attributed to increased competition and market saturation. Food Segment Sees Resilient Recovery Uncle John's, RRHI's food segment, experienced a strong recovery from the third quarter, with SSSG clocking in at 4.4% for the fourth quarter. This growth was driven by a 5.1% increase in transaction count, indicating that customers are becoming more frequent and loyal shoppers. Private Labels Drive Sales Growth Private labels for food accounted for 7.2% of total sales, while GrowSari generated 10% of supermarket sales for FY 2024. These private label offerings have helped RRHI differentiate itself from competitors and attract price-conscious customers. Outlook for 2025 Robust Growth Expected For FY 2025, Maybank expects RRHI to continue its strong growth trajectory, with a net income growth projection of 14%. This growth is underpinned by revenue growth of 3.7% from 80 net store additions, SSSG of 2%, and flat gross product margin (GPM) at 24.2%. Maybank notes that transaction count will continue to drive SSSG over ticket size increase, suggesting that RRHI's customers are becoming more loyal and frequent shoppers. Conclusion RRHI's impressive performance in FY 2024 has led Maybank to revise its net income estimates upward for the company. With a robust outlook for FY 2025, investors may want to consider adding RRHI shares to their portfolios. As the retailer continues to grow its private label offerings and expand its store footprint, we can expect SSSG to remain a key driver of growth. Key Takeaways Robinsons Retail Holdings Inc. Maybank Investment Banking Group Retail sales growth Same-store sales growth Gross product margin Transaction count Loyalty program