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Manila Bulletin devider Business devider The Stock Market devider AllDay grows first half gains to P185 million

AllDay grows first half gains to P185 million

Published Aug 15, 2024 02:02 am

Premium segment supermarket player AllDay Supermarket of the Villar retail group turned in a stable performance for the first half of 2024, with net income growing 7.7 percent to P185 million from P172 million in the same period last year.

In its disclosure to the Philippine Stock Exchange, the firm said its revenue for the supermarket chain was almost flat compared to the same period in 2023, with a 0.8 percent improvement.

AllDay also reported marginal increases in gross profit to P1.03 billion versus P1.0 billion in the comparative period last year, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 11.2 percent to P504 million.

AllDay Acting President and CEO Jacqueline Cano credits the firm’s stable performance to operational efficiencies.

“On the operational side, we looked into every opportunity to increase efficiency. While taking special care to preserve—even improve on the unique AllDay experience—controlled spending and cost control measures allowed us to deliver even better value to our stakeholders,” she said

Cano added that, “Notably, our increased efforts to shore up AllDay’s brand equity through an attractive and comprehensive imported item offering as well as optimal pricing strategies are increasingly bearing fruit.”

In the first half of 2024, AllDay’s gross profit margins increased by 70 basis points.

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Manuel B. Villar Jr. AllDay Marts Inc.
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