AllDay Supermarket earns 22% more in 2023

MANILA, Philippines — Strong revenues boosted earnings of Villar-led mid-premium supermarket chain AllDay Supermarket to rise by 22.4 percent to P369 million in 2023.

AllDay registered a 4.4-percent jump in revenues to P10.19 billion in 2023 from the previous 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,” AllDay chairman Manuel Villar Jr. said.

“With a market still clearly hungry for experiences in the country’s full return to normalcy, our supermarket concept is still well-received,” he said.

AllDay strengthened its hold on a premium supermarket experience through its marked improvements in importation over the course of 2023.

The company likewise leveraged its closeness to communities, opening four new minimart locations: Camella East and Ponticelli in Bacoor, Maia Alta in Antipolo and along Governor’s Drive in Dasmariñas.

These minimarts serve as community pantries that carry the elevated supermarket DNA of AllDay’s larger format stores.

“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, ”AllDay vice chairman Camille Villar said.

Meanwhile, one-stop full line home center AllHome reported a net profit of P797 million in 2023, lower than the P934 million posted in 2022.

AllHome president and CEO Benjamarie Therese Serrano said the company continues to implement operational efficiencies as a path forward.

“Though current consumer spending has been diverted from home retail to less essential expenses like fashion, health and beauty, entertainment and travel, AllHome remains committed in delivering value to our stakeholders,” Serrano said.

“We also continue to seek out operational efficiencies, especially as we face unusually high inflation and increased utilities costs,” she said.

Serrano remains upbeat about AllHome’s way forward, noting that the long-term fundamentals of the home retail sector in the Philippines remain sound.