AllDay Supermarket, the fastest growing supermarket operator in the Philippines, is set to turn in a banner year, as net income jumped 61 percent to P265 million in the first nine months of 2021 from P165 million in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said sales rose 22 percent to P6.9 billion in the first nine months of 2021 from P5.6 billion in the same period of 2020.
“AllDay’s stellar performance to date continues to validate our concept of an elevated supermarket experience,” said AllDay Chairman Manuel B. Villar Jr.
He noted that, “This consistent growth shows that the AllDay experience—in-store and online—continues to resonate with the upgraded tastes and purchasing power of the Filipino consumer.”
AllDay’s notable sales performance this year also shows a 121 percent growth when viewed against its pre-pandemic performance in the first nine months of 2019.
The chain’s same-store sales growth (SSSG) also registered a 3 percent growth in the first nine months of the year, bucking a downward trend across the industry.
AllDay’s revenue is also bolstered by a growing online sales contribution, accounting for 3.8 percent of total sales for the first nine months of 2021 and 5.7 percent for the third quarter alone.
“AllDay’s growth is a product of our continous pursuit of innovation to meet and capitalize on retail consumer trends,” said AllDay Vice Chairman Camille Villar.
She added that, “AllDay will continue to implement a strategy that prizes innovation to stay a step ahead of the local supermarket landscape.”
“Our growth, reflected by our performance in the first nine months of 2021 versus the same period of 2020 is proof that our elevated in-store experience, comprehensive product offering, international goods and e-commerce capability are spot on with the Filipino market,” Ms. Villar said.
AllDay Chief Executive Frances Rosalie T. Coloma said “We are very pleased with AllDay’s performance for the first nine months of 2021. We are firm in our belief that this will be sustained through our clearly differentiated supermarket concept.”
“Thanks to our successful IPO, we look to use the fresh funds made available to us to enable an aggressive expansion strategy that will see us posting even better performance results moving forward,” she added.
All Day Supermarket has now opened 33 stores, including locations in Bataan, Pampanga, Libis, Shaw, Taguig, Las Piñas, Molino, Kawit, Sta. Rosa, Alabang, C5 Extension, Doña Manuela-Las Piñas, Iloilo, Naga, General Trias, Tanza, Evia Lifestyle Center, Malolos, Dasmarinas, Nomo, Imus, Salawag, Silang, Starmall Annex-Las Piñas, Cabanatuan, Sta. Maria, Santiago, Isabela, Talisay, Cauayan, Bacolod, and Sto Tomas-Batangas.