Metro Retail Stores Group Inc. (MRSGI) recently held its annual stockholders meeting, reporting solid 2024 performance marked by continued expansion, operational efficiency, and a smooth leadership transition as the company prepares for its next phase of growth.
MRSGI chairperson Sherisa Nuesa highlighted Metro Retail’s resilience amid a dynamic market environment. The company reported P39.62 billion in net sales in 2024, up 3.5 percent from the previous year, driven by the sustained momentum of its food retail business.
Cash earnings as measured by EBITDA rose 7.8 percent to P2.34 billion, reflecting disciplined cost management, even as net income held steady at P609.4 million due to non-cash charges tied to MRSGI’s ongoing expansion.
Nuesa underscored the company’s strides beyond the numbers. These included the new Metro Distribution Center in Sta. Rosa, Laguna, the opening of eight new stores and the launch of its Metro Home Improvement and Lifestyle Stores.
