VILLAR-LED premium segment supermarket operator AllDay Marts, Inc. posted a 7.7% increase in attributable net income for the first half to P185 million from P172 million last year.
Revenue for the January-to-June period rose by 0.8% to P4.9 billion, AllDay said in an e-mailed statement on Wednesday.
Gross profit increased by 2.6% to P1.027 billion, while earnings before interest, taxes, depreciation, and amortization grew by 11.2% to P504 million.
“On the operational side, we looked into every opportunity to increase efficiency. 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,” AllDay Acting President and Chief Executive Officer Jacqueline B. Cano said.
“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 increasingly bearing fruit,” she added.
Based on its website, AllDay has 33 locations across 25 cities and municipalities nationwide. The company offers fresh items, food items, and non-food items, comprising approximately 3,600 local and international brands and about 40,000 different items.
On Wednesday, AllDay shares fell by 1.45% or P0.002 to P0.136 apiece. — Revin Mikhael D. Ochave
