AllDay Marts Inc. said g rew its profit last year by 22.4 percent to P369 million from P302 million.
Sales reached P10.19 billion, up 4.4 percent from the prior year’s P9.76 billion.
“AllDay was successful in growing its business in 2023 and has taken clear strides to elevate the supermarket experience for the Filipino. We believe our performance reflects this in 2023. With a market still clearly hungry for experiences in the country’s full return to normalcy, our supermarket concept is still well-received,” said Manuel Villar, Jr, AllDay chairman.
Earnings before interest tax depreciation and amortization (EBITDA) was at P995 million, up 10.3 percent.
Villar said AllDay bolstered its hold on a premium supermarket experience last year through its marked improvements in importation.
“Aside from our constant thrust to innovate on AllDay’s in-store experience, we take heed of our market’s preference for experiences and flavors they experience abroad. I am confident in saying AllDay’s range offering carries a much stronger imported selection, which strengthens our overall elevated supermarket experience, ” said Camille Villar, AllDay vice chairman.
AllHome Corp., another Villar-led company, reported profit of P797 million, over revenues of P12.06 billion.
“The long-term fundamentals of the home retail sector in the Philippines remain sound, and we look to take advantage of this with AllHome reclaiming its position as a premium home retailer that enjoys the unique synergy of self-sustaining retail ecosystems, buoyed by synergies with Vista Land, the country’s largest home builder, as well as with its sister companies under the AllValue umbrella,” said Benjamarie Therese Serrano, AllHome president.
“AllHome remains committed in delivering value to our stakeholders. We have steadily increased our margins, both in gross and net terms, ending 2023 with a gross margin of 38 percent. We also continue to seek out operational efficiencies, especially as we face unusually high inflation and increased utilities costs,” she added.
