MANILA, Philippines — AllDay Supermarket, the listed supermarket operator of the Villar Group, reported a net income of P349.9 million last year, up 80 percent as sales increased 19 percent to P9.46 billion.
The company said 2021 was a banner year, which came on the heels of its initial public offering on Nov. 3.
AllDay chairman Manuel Villar Jr. said the supermarket chain’s performance for 2021 is a continued validation of the company’s value proposition.
“This bodes well for our long-term prospects,” Villar said.
He said AllDay has improved its e-commerce model that has resonated with its growing customer base.
Villar said the company is on track to hitting 100 stores by 2026.
“As the country is well on its way to recovery from the pandemic, we will continue to focus on growing the business towards our 100 store milestone by 2026,” Villar said.
Camille Villar, AllDay vice chairman, said the supermarket operator is on strong footing to continue implementing its blueprint for growth, which includes an in-store experience, smarter customer facing technology, comprehensive product offerings, curated international selections and better-tuned e-commerce capabilities.
AllDay CEO Frances Coloma said the company would continue to expand to bring AllDay to even more locations across the country.
“We are definitely pleased with AllDay’s 2021, as it confirms the Filipino market’s affinity for upgraded experiences—both in-store and online. With fresh funds available to us by way of our successful IPO last Nov. 3, 2021, we are in a much stronger financial position as we can move forward with minimal debt load.