Philippine Seven (SEVN) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 rose 3.3% year-over-year to P1.22 billion, with system-wide sales up 16.8% to P29.69 billion and operating revenue up 15.4% to P28.60 billion.

• Same-store sales growth (SSSG) accelerated to 7.8% in Q2, driven by a 5.0% increase in average ticket size and a 2.7% rise in customer count, with Metro Manila leading at 12.0%.

• Store network expanded by 9.0% year-over-year to 4,650 stores, with 182 new stores opened and 23 closed in H1 2026.

• Digital payments now account for over 12% of total sales, supported by the rollout of card payment terminals to 98% of stores.

Financial highlights

• Q2 2026 net income: P1.22 billion (+3.3% YoY); H1 2026 net income: P1.84 billion (+3.8% YoY).

• Q2 2026 revenue from contracts: P28.60 billion (+15.4% YoY); H1 2026: P53.48 billion (+14.9% YoY).

• Merchandise gross margin improved to 28.6% in Q2 and 28.2% in H1 2026.

• Operating income for Q2: P1.89 billion (+7.6% YoY); H1: P2.99 billion (+7.9% YoY).

• EBITDA for Q2: P3.38 billion (+11.9% YoY); H1: P5.80 billion (+12.1% YoY).

Outlook and guidance

• Targeting over 500 new store openings in 2026, aiming to reach 5,000 stores by year-end.

• Expansion focused on underserved provincial markets, leveraging supply chain and first-mover advantage.

• Management remains committed to balancing shareholder returns with capital expenditure for growth.