AllDay Marts, Inc., the Villar Group’s Supermarket chain, reported a 58.8 percent jump in net income to P179.6 million on the back of a 19.7 percent growth in sales to a record P4.49 billion.
“AllDay’s stellar performance thus far is another milestone in its consistent performance since its incorporation. We believe this is irrefutable proof of concept for our elevated supermarket experience,” said Manuel B. Villar Jr., chairman of AllValue, AllDay’s parent company.
He added that, “Our consistent year on year growth since 2017 show that our world-class stores, brought even closer to established communities resonate with the upgraded tastes and purchasing power of the Filipino people at large.”
Villar noted that, “Filipinos deserve better and AllDay Supermarket is just one of our global standards retail offerings.” AllDay’s 2021 performance is not without precedent, as it has already registered a record net income growth of 13-fold since its incorporation in December 2016.
From a net income of P17 million in 2017, the AllDay chain generated P220 million in net income for the year 2020. That translates to a compound annual growth rate of 134 percent.
The AllDay supermarket store network now stands at 33 locations, nationwide with a solid expansion pipeline.
“AllDay’s growth since the start of operations is a product of our propensity to innovate and remain on the cutting edge of retail consumer trends,” said AllValue President Camille A. Villar.
She added that, “AllDay has and will always continue to innovate to stay a step ahead of the local supermarket landscape.”
Ms. Villar said that, “Through our elevated in-store experience, comprehensive product offering, a special focus on international goods, and now, a strong push for digital transformation towards e-commerce, we are confident in our ability to post even better results moving forward.”
“We are very pleased with AllDay’s performance over this year and the past four years. We firmly believe we can sustain this performance given our consistency and commitment in executing and successfully operating a clearly differentiated supermarket concept,” said AllDay Chief Executive Officer Frances Rosalie T. Coloma.
She noted that, “In just a short period, we were able to bring AllDay to a strategic and sustainable business model given our record growth and profitability over the years.”