Nov 15, 2023
AllDay Supermarket, the country’s leading mid-premium supermarket chain, reported revenues of Php 7.434 billion for the 9M mark of 2023, growing 5.2% versus 9M 2022. AllDay Supermarket also recorded a notable increase in 9M 2023 NIAT, posted at Php 254 million or 154% versus same period in 2022. AllDay EBITDA stands at Php 693 million for 9M2023, 11% over 9M2022’s Php 625 million.
“As we head into the fourth quarter—a historically strong quarter for AllDay—we are pleased with our business results at the 9M2023 mark of this year” says AllDay Chairman Manuel B. Villar Jr. “This upcoming holiday season will be very similar to pre-pandemic levels. Movement and travel restrictions have been lifted here and abroad, and OFWs are coming home again to spend time with their loved ones. With this season of celebrations, our supermarket concept is ready to capitalize on a market that is now again very comfortable with spending time shopping in-store,” he adds.
Frances Rosalie T. Coloma, AllDay Supermarket’s President and Chief Executive Officer cites the supermarket chain’s topline growth as well as intensified cost-saving initiatives as instrumental to sustaining AllDay’s performance as the chain enters the fourth quarter.
“Despite normalizing sales levels and inflationary pressures evident throughout 2023, we are happy to report continued momentum for AllDay as we head into the last quarter of 2023.”
Coloma adds: “As we enter the holidays, our primary focus will be in delighting our customers, identifying cost efficiencies in our operations and improving on the touchpoints of our elevated grocery shopping experience. We remain confident in our management team and our inherent abilities to provide our customers continuously improving AllDay experience.”
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.