Palemo Holdings moved back into quarterly profit in the three months to May, posting operating profit of ¥30.7mn and net profit of ¥12.0mn on sales of ¥3.36bn, down 0.7% from a year earlier. Same-store sales still rose 1.2%, and the chain finished the quarter with 226 stores after opening three and closing four.
The more interesting line sits below revenue. Palemo said a cold start to spring delayed apparel demand, but warmer weather later lifted sales of blouses and pants, while kitchen goods, IP collaboration items and UV-protection products sold well. Gross profit slipped to ¥1.78bn from ¥1.81bn, but selling, general and administrative expenses fell to ¥1.75bn from ¥1.82bn, enough to turn last year's operating loss into a profit.
Management left its full-year outlook unchanged at ¥14.65bn in sales, ¥245mn in operating profit and ¥100mn in net profit for the year ending February 2027. The first read on summer was less tidy: June all-store sales fell to 94.1% of the prior year's level and same-store sales to 92.7%, with the company blaming persistent rain and weak summer-item demand, though it said apparel e-commerce remained strong. Those June figures are preliminary, and the same-store metric excludes e-commerce sales.