Villar’s AllHome sees strong finish to 2023 as ‘furnishing’ season arrives

MANILA  -Tycoon Manuel Villar Jr.’s housing retailer AllHome saw profits in the January to September period grow nearly 46 percent to P582 million while revenues hit P8.8 billion.

“We are heading into [the] last quarter of 2023—historically strong for AllHome—and beyond that, a positive 2024 outlook. We are pleased that we are able to turn in a steady performance,” Villar, the company’s chair, said in a stock exchange filing on Wednesday.

“We are confident in the performance of our soft categories, as this shows that new homeowners are now entering into the furnishing stage, and we see this further picking up to close out 2023,” he added.

AllHome said in the filing that total assets during the nine-month period reached P26.9 billion.

Benjamarie Therese Serrano, the company’s president and CEO, also announced new programs aimed at growing revenues while managing costs.

“While we saw some slowing in our hard category performance, we also see a unique opportunity to wrestle market share from our competitors,” Serrano said.

“In addition to our hard categories, the AllHome value proposition of one-stop full-line home center allows us to present an attractive alternative in terms of unique offerings and convenience to our customers,” she added.