AllDay Supermarket net income soars to P172 million in H1

MANILA, Philippines — AllDay Supermarket, the Villar-led mid-premium supermarket chain, reported a net income of P172 million in the first half.

This is a significant increase from P11.7 million a year ago.

Revenues, meanwhile, grew by 6.6 percent to P4.9 billion during the period.

AllDay chairman Manuel Villar Jr. said customers have resumed face-to-face shopping activities.

“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,” Villar said.

Frances Rosalie Coloma, AllDay Supermarket president and CEO, said the supermarket chain’s operational efficiencies served 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. 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,” Coloma said.

Another Villar-led listed company, AllHome, which is a one-stop full-line home retailer, meanwhile, posted a net income of P442 million in the first half, 99.1 percent higher than the same period last year.

AllHome posted P3.12 billion in revenue in the second quarter, up three percent from a year ago.

“We expect to sustain this energy as we move toward the second half of the year. As we head into the historically strong quarters of AllHome and a positive 2024 outlook that sees a rise in condominium turnovers—which means entry into the furnishing stage—we view the balance year of 2023 with much confidence and optimism,” Villar said.