AllDay Marts Inc., owner of AllDay Supermarkets—the fastest growing supermarket operator in the Philippines, reported a banner year with unaudited net income surging 80 percent to P394.9 million last year.
In a disclosure to the Philippine Stock Exchange, the firm said sales for the chain improved 19 percent to P9.46 billion in 2021 from P7.93 billion in 2020.
AllDay said the growth is on the strength of its elevated, world-class grocery experience that caters to the growing mid-premium segment of the local supermarket industry.
The chain also turned in improved EBITDA margin of 9.1 percent in 2021, up from 7.9 percent in 2020, driven in large part by lower operatings expense ratios and higher sales productivity.
“AllDay’s remarkable performance for 2021 is a continued validation of our value proposition, and bodes well for the Company’s long-term prospects,” said AllDay Chairman Manuel B. Villar Jr.
He added that, “AllDay’s distinct in-store experience, coupled with an increasingly efficient e-commerce model, has proved to truly resonate with our growing customer base of Filipinos who show an increasing preference for differentiated and experience-driven retail.”
“As the country is well on its way to recovery from the pandemic, we will continue to focus on growing the business towards our 100 store milestone by 2026,” Villar noted.
AllDay Vice Chairman Camille A. Villar said “AllDay’s remarkable growth in 2021 befits our first year on the PSE. We believe that this puts us on strong footing to continue implementing our blueprint for AllDay: an in-store experience comparable to the best that the world has to offer, featuring even smarter customer facing technology, comprehensive product offerings, curated international selections, as well as better-tuned e-commerce capabilities.”
“On the strength of these, we remain confident in our ability to deliver even better value to our stakeholders,” she added.
AllDay Chief Executive Frances Rosalie T. Coloma said “We are definitely pleased with AllDay’s 2021, as it confirms the Filipino market’s affinity for upgraded experiences—both in-store and online.”
“With fresh funds available to us by way of our successful IPO last November 3, 2021, we are put in a much stronger financial position as we can move forward with minimal debt load,” she noted.
Coloma explained that, “This, in turn, allows us to fully focus our capacities towards our store network expansion. As we ride the tail end of the pandemic on this high note, we are increasingly confident as we continue to bring AllDay to even more locations across the country.”