Villar’s AllDay nets P88.12M in Q2

Villar-led supermarket operator AllDay Marts Inc. on Thursday saw a slight growth in its net income for the second quarter of the year, as the company reported higher sales while its costs declined during the period.

AllDay reported a net profit of P88.128 million, higher than the P83.399 million the same quarter last year. Sales grew to P2.468 billion from P2.455 billion, while cost of merchandise sold fell to P1.955 billion from P1.962 billion.

This brought the company’s first half net profit to P185.129 billion, up from P171.971 billion in 2023. Sales increased to P4.936 billion from P4.896 billion, while merchandise costs increased to P3.909 billion from P3.894 billion.

“On the operational side, we looked into every opportunity to increase efficiency,” AllDay acting president and chief executive officer Jacqueline Cano said in a disclosure to the local bourse.

“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 added.

AllDay, which caters to the mid-premium segment, ended 2023 with 36 physical stores in 29 cities and municipalities across the country including 27 in Mega Manila, six in Luzon, and three in the Visayas region.

“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 bearing fruit,” Cano said.—AOL, GMA Integrated News