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Business

AllDay expands despite Q1 challenges

Richmond Mercurio - The Philippine Star
AllDay expands despite Q1 challenges
AllDay Supermarket reported a 10.2 percent hike in net income to P97 million during the first quarter from P88 million in the same period last year.
STAR / File

MANILA, Philippines — Villar-led mid-premium supermarket chain AllDay Supermarket managed to pull through a double-digit increase in profit to start the year despite what it called a “challenging quarter.”

AllDay Supermarket reported a 10.2 percent hike in net income to P97 million during the first quarter from P88 million in the same period last year.

The company saw a modest improvement in its topline for the three-month period, with revenue inching up by 1.1 percent to P2.47 billion from last year’s P2.44 billion.

AllDay president and CEO Frances Rosalie Coloma said the start of the year was a challenging quarter, punctuated by decreased household spending and elevated prices.

However, Coloma said the company was still able to post a stable performance due to the continuous improvement of its products and recent opening of four new minimart locations.

“AllDay’s stable position through the first quarter can be credited to continuing gains from our importation and, in part, through our new minimarts,” Coloma said.

“We established a foothold in the communities of Camella East and Ponticelli in Bacoor, Maia Alta in Antipolo and along Governor’s Drive in Dasmarinas and look forward to building on the elevated supermarket experience we have long bannered across the chain,” she said.

As of 2023, the company had 40 physical stores in 29 locations across Metro Manila, Luzon and Visayas with a total net selling space of approximately 60,000 square meters.

AllDay operates a dual-format business model that offers an elevated, modern and digitally innovative grocery shopping experience through in-store and e-commerce platforms.

Its supermarket stores curate a comprehensive selection of approximately 4,200 local and international product brands of fresh items like meat, fruits, vegetables, food items and non-food items to appeal to the increasingly discerning Filipino consumers.

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