AllDay improves revenues despite pandemic

Published August 16, 2022, 2:56 PM

by James A. Loyola

AllDay Supermarket, one of the Philippines’ fastest-growing supermarket operators, reported a 2.2 percent improvement in revenues to P4.59 billion for the first half of 2022, sustaining its performance from an extraordinary pandemic.

In a disclosure to the Philippine Stock Exchange, the firm also reported an increase in its EBITDA by 13.2 percent to P428 million in the first half of 2022 from P378 million in the same period last year.

“As the country is moving full speed into the post-pandemic scenario, we are pleased with AllDay’s steady business results for the first half of 2022, especially at the heels of a banner 2021,” said AllDay Chairman Manuel B. Villar Jr.

He noted that, “With the current landscape of retail, we are observing trends, such as the vibrant return of customers to in-person retail or revenge retail, already giving rise to many opportunities.”

AllDay Chairman Manuel B. Villar, Jr.

AllDay, a supermarket concept that is founded on experiences and a valuable part of our retail ecosystem, is by nature poised to capitalize on a market that is getting a lot more comfortable with spending time shopping in-store again,” Villar added.

After its hiatus through the height of the pandemic lockdowns, AllDay’s unique Paluto concept—a food hub that leverages the fresh section of the supermarket chain—is set to relaunch, in anticipation of the customers’ pent-up demand for dining in malls and restaurants.

AllDay’s fresh section saw a decline that coincided with the country’s movement restrictions being relaxed—spurring a return to in-person dining.

AllDay Vice Chairman Camille Villar

“The AllDay experience is unique not just for the elevated experiences, aesthetics, and innovative solutions we provide to customers, but also for our Paluto concept, which we take great pride in,” said AllDay Vice Chairman Camille Villar.

She added that, “We are in the last stages of the pandemic that initially led to Paluto’s temporary closure. The relaxing of pandemic restrictions, especially in the second quarter of 2022, has led to more people dining out instead of eating at home. This makes us especially excited to bring Paluto back, even better than before. This again completes the AllDay experience, which has always been accompanied by the Paluto trademark of fresh, fast and delicious meals, prepared right here in our supermarkets.”

AllDay Supermarket President and CEO Frances Rosalie T. Coloma views AllDay’s first half 2022 performance as encouraging, going into the last two quarters of the fiscal year. AllDay has announced that P72.4 million in cash dividends will be distributed to stockholders.

“In light of the challenges and opportunities from the start of 2022 to date, AllDay’s first half 2022 performance reflects the level of consistency and potential that can be expected from our uniquely differentiated supermarket concept,” she said.

Coloma added that, “It is pleasing to see that after an extraordinary 2021, we were able to turn in a steady performance for the first half of this year. In terms of operations, we continue to be on alert for all opportunities that will bring value to our stakeholders.”

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["business","stock-market-foreign-exchange","business"]
[3064222,3099945,3099841,3099793,3099838,3099771,3099750]