AllDay Marts, Inc. said in a statement on Tuesday that it achieved a 58.8% year-on-year profit growth to P179.6 million in the first half, as sales surged by 19.7% to P4.49 billion.
“We are very pleased with AllDay’s performance over this year and the past four years,” said Frances Rosalie T. Coloma, chief executive officer of AllDay.
“We firmly believe we can sustain this performance given our consistency and commitment in executing and successfully operating a clearly differentiated supermarket concept,” she added.
The company said its net income already grew 13 times since its incorporation in December 2016. From earning P17 million in 2017, the supermarket chain logged P220 million in profits by 2020.
AllDay said it now has a compound annual growth rate of 134%.
“Our consistent year-on-year growth since 2017 show that our world-class stores, brought even closer to established communities resonate with the upgraded tastes and purchasing power of the Filipino people at large,” Manuel B. Villar, Jr., chairman of AllDay’s parent firm AllValue Holdings Corp., said.
The AllDay Supermarket network is now at 33 locations across Bacolod, Bataan, Batangas, Bulacan, Cavite, Cebu, Iloilo, Isabela, Laguna, Las Piñas City, Mandaluyong City, Muntinlupa City, Naga, Nueva Ecija, Pampanga, Quezon City, and Taguig City. — Keren Concepcion G. Valmonte
