Supermarket operator AllDay Marts Inc. closed the previous year with higher profits as sales and margins rose.
Billionaire Manuel Villar Jr., chair of AllDay, said record earnings in 2021 was proof that the newly listed company was on the right track.
AllDay said unaudited net income in 2021 jumped by 80 percent to nearly P395 million.
Sales rose by 19 percent to P9.46 billion while cash flow margins hit 9.1 percent from 7.9 percent the previous year.
“AllDay’s distinct in-store experience, coupled with an increasingly efficient e-commerce model, has proved to truly resonate with our growing customer base of Filipinos who show an increasing preference for differentiated and experience-driven retail,” Villar said in a statement on Tuesday.
“As the country is well on its way to recovery from the pandemic, we will continue to focus on growing the business toward our 100-store milestone by 2026,” he added.
“We believe that this puts us on strong footing to continue implementing our blueprint for AllDay: an in-store experience comparable to the best that the world has to offer, featuring even smarter customer facing technology, comprehensive product offerings, curated international selections, as well as better-tuned e-commerce capabilities,” AllDay vice chair Camille Villar said in the same statement.
AllDay, which went public last Nov. 3, had 35 stores as of January this year. Its outlets are located in Bataan, Pampanga, Libis, Shaw, Taguig, Las Piñas, Molino, Kawit, Sta. Rosa, Alabang, C5 Extension, Doña Manuela-Las Piñas, Iloilo, Naga, General Trias, Tanza and Evia Lifestyle Center.
It is also present in Malolos, Dasmariñas, Nomo, Imus, Salawag, Silang, Starmall Annex-Las Piñas, Cabanatuan, Sta. Maria, Santiago, Isabela, Talisay, Cauayan, Bacolod, Sto Tomas-Batangas, Eastlake–Muntinlupa and the Worldwide Corporate Center in Mandaluyong.