With consumers returning to brick-and-mortar stores to shop for their grocery needs, the Villar Group’s mid-premium supermarket chain AllDay Supermarket reported that its net income surged to P172 million in the first half of 2023 from P12 million in the same period last year.

In a disclosure to the Philippine Stock Exchange, the firm said revenues grew 6.6 percent to P4.90 billion for the first half of 2023.

“We are pleased with AllDay’s steady business results for the first half of 2023,” said AllDay Chairman Manuel B. Villar Jr. 

He noted that, “with the return of customers to in-person retail or revenge retail giving rise to many opportunities, our supermarket concept continues to capitalize on a market that is getting a lot more comfortable with spending time shopping in-store again.”

AllDay Supermarket President and CEO Frances Rosalie T. Coloma cited the supermarket chain’s operational efficiencies as a key driver in sustaining AllDay’s performance at the halfway mark of 2023.

“Our sustained momentum from our first quarter performance in 2023 is proof of our capability to sustain exceptional results. We continue to rely on continuous improvement of AllDay operations, leaving no stone unturned,” she said. 

Coloma added that, “by focusing on our customers, tightening up store operations and continuing to strengthen AllDay’s leadership, we are confident in our abilities: both in providing our customers an even better AllDay supermarket experience and offering, as well as delivering our valued stakeholders a return on the value they have entrusted to us.”

AllDay has also announced that cash dividends will be distributed to stockholders equivalent to 20 percent of last year’s net income.