AllDay Supermarket said Wednesday it posted a net income of P394.9 million in 2021, up 80 percent from a year ago on the back of a double-digit growth in sales.
AllDay said in a disclosure to the stock exchange sales went up by 19 percent in 2021 to P9.46 billion from P7.93 billion in 2020, as it continues to offer modern grocery store experience to the growing mid-premium segment of the market.
“AllDay’s remarkable performance for 2021 is a continued validation of our value proposition, and bodes well for the company’s long-term prospects,” said AllDay chairman Manuel Villar Jr.
“AllDay’s distinct in-store experience, coupled with an increasingly efficient 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,” he said.
Villar said AllDay will continue to focus on growing the business towards its goal to have 100 stores by 2026. As of end January, Allday had 35 stores across the country.
Jenniffer B. Austria