Leading home improvement retailer Wilcon Depot Inc. expects to return to prepandemic revenue performance this full year due to additional sales contributed by newly opened stores.
Excluding the impact of new stores, however, Wilcon may not be able to return to prepandemic business volume until next year, vice president for investor relations May Jean Alge said on Monday at a press briefing after the company’s stockholders’ meeting.
Wilcon, which grew its net income by 84 percent year-on-year to P604 million in the first quarter, aims to sustain the P600-million quarterly bottom line in the next quarters. Alge stressed, however, it was a “target and not a guidance.”
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Keep on reading: Wilcon gunning for P600-M target in quarterly profits