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Richmond Mercurio - The Philippine Star
May 6, 2026 | 12:00am
Wilcon reported a 4.9-percent year-on-year increase in its net income to P563 million from January to March, as net sales climbed by 9.1 percent to P9.17 billion.
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MANILA, Philippines — Home improvement and finishing construction supply retailer Wilcon Depot Inc. booked higher earnings in the first quarter, with the company sustaining same-store sales growth for a third consecutive quarter.
Wilcon reported a 4.9-percent year-on-year increase in its net income to P563 million from January to March, as net sales climbed by 9.1 percent to P9.17 billion.
Wilcon president and CEO Lorraine Belo-Cincochan said overall sales results exceeded the company’s expectations, particularly in March, which faced a challenging high-base comparison from year ago.
“This outperformance may have partly been driven by advance purchases from customers with ongoing projects, who accelerated buying in anticipation of potential price increases linked to rising oil prices amid the ongoing conflict in the Middle East,” she said.
Belo-Cincochan also credited the momentum to the company’s continued operational improvements.
“We’ve implemented some strategic initiatives to improve our customer service and these upgrades are helping us drive higher conversions and bigger ticket sizes through a much better customer experience and smarter merchandising,” she said.
Wilcon added three new depots during the quarter, all located in Luzon.
Capital expenditure for the period amounted to P417 million, representing 16.1 percent of the company’s total budget for the year.
Belo-Cincochan said Wilcon is still on track to open eight stores this year after opening three in the first quarter.
She said the five remaining new stores are already in various stages of construction.
“While the situation in the Middle East creates some uncertainty and may temporarily disrupt our growth trajectory, we’re confident in our direction and the resilience of our business. We’re staying agile and prudent, as always, and are prepared to navigate any headwinds that come our way,” Belo-Cincochan said.
