Aug 19, 2024
Premium segment supermarket player AllDay Supermarket turned in a stable performance for the first half of 2024. In its disclosure to the PSE, revenue for the supermarket was flat compared to the same period in 2023 at 0.8% improvement. Reported NIAT for AllDay’s 1H2024 is at Php 185 million, 7.7% higher than the previous comparable period of Php 172 million.
AllDay also reported marginal increases in Gross Profit—Php 1.027 billion versus 1H2023’s Php 1.001 billion—and EBITDA, which grew by 11.2% to Php 504 million.
AllDay’s Acting President and CEO Jacqueline Cano credits AllDay’s stable performance to operational efficiencies. “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.”
Cano adds: “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.” In 1H2024, AllDay’s gross profit margins increased by 70 basis points.
Disclaimer: This Press Release contains forward-looking statements that are subject to inherent risks and opportunities posed in the normal cause of business. However, AllDay Marts, Inc. believes that expectations reflected in any forward-looking statements are reasonable as they are made in citing third-party insights and studies, it can give no guarantee of future actions or events.