May 31, 2024
Premium segment supermarket player AllDay Supermarket reported a modest improvement in its performance for the first quarter of 2024: Php 2.468 billion in revenue for the first quarter of 2024, 1.1% higher than Q12023’s Php 2.441 billion, and a reported NIAT of Php 97 million, 10.2% higher than the previous comparable period of Php 88 million.
The chain reported increases in Gross Profit—Php 514 million versus Q12023’s Php 508 billion—and EBITDA, which grew by 5.6% to Php 246 million.
President and CEO Frances Rosalie T. Coloma credits AllDay’s stable performance against a challenging quarter punctuated by decreased household spending and elevated prices to the continuous improvement of its range, leveraging international selections, and its recent opening of four (4) 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. 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.
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.