Wilcon manages 1.2 per cent uptick in Q1 sales

The Philippines’ biggest home improvement retail chain saw a slight rise in its sales in the first quarter of the year in what company officials are expecting to be the start of its recovery.  Wilcon Depot Inc. posted a 1.2 per cent uptick in sales during the period to 8.4 bn Philippine pesos (PHP, EUR 133.4 mio).

This was an improvement from its performance for the whole of 2024, when the company saw sales dip 1.2 per cent owing to the dismal showing of its mature stores. Wilcon’s depots accounted for 96.5 per cent of net sales, or PHP 8.116 bn, while the smaller Do It Wilcon format (formerly Home Essentials) accounted for 3.1 per cent or PHP 258 mio. 

The company said that better sales in the first three months of 2025 were driven by new stores, as mature stores continued to present weak results. Same store sales shrank 3.6 per cent for the period. Profit, meanwhile, dropped 27.5 per…