The income of AllHome Corp. and AllDay Marts Inc., the listed retail firms of the Villar Group, expanded by double digits in January to September despite the intermittent lockdowns in the third quarter.
AllHome’s income rose 65 percent to P973 million for the period from last year’s P588.12 million. Net sales rose 22 percent to P10.12 billion from last year’s P8.32 billion.
Quarter-on-quarter, the company said it had net sales growth of 9 percent for the third quarter to P3.4 billion from the previous P3.13 billion, while its net income rose 12 percent.
“AllHome’s inherent innovative nature fueled its ability to quickly adapt to the Covid-19 pandemic. Our team continuously evaluates our strategies and implement operational efficiency initiatives to maximize earning potential and minimize costs,” AllHome Chairman Manuel B. Villar Jr. said.
“Our optimized store areas are now the basis of our new generation AllHome stores. These new stores now carry a smaller footprint of 7,000 to 8,000 square meters net selling area and requires lesser capex [capital expenditure] fit-out requirement,” AllHome Vice Chairman Camille A. Villar said.
The company said it declared cash dividends for its stockholders of record as of November 29, to be paid on December 14.
AllDay Supermarket, meanwhile, posted a 61-percent increase in income for the nine months of the year to P265 million from last year’s P165 million.
Sales rose 22 to P6.9 billion from P5.6 billion last year.
“AllDay’s stellar performance to date continues to validate our concept of an elevated supermarket experience. This consistent growth shows that the AllDay experience—in-store and online—continues to resonate with the upgraded tastes and purchasing power of the Filipino consumer.”
The company said its sales more than doubled when compared against its pre-pandemic performance in 2019.
The supermarket chain’s same store sales growth for January to September registered a 3-percent growth, bucking a downward trend across the industry.
AllDay’s revenue was also bolstered by a growing online sales contribution, accounting for 3.8 percent of total sales for the nine months and 5.7 percent for the third quarter alone.
The company, which currently has 33 branches, said it will hit 100 stores by 2026, using the proceeds of its initial public offering.
Shares of AllDay soared when it debuted on the Philippine Stock Exchange (PSE) on November 3. The company raised P4.52 billion from its maiden offer.
PSE President and CEO Ramon S. Monzon said AllDay has set a record for the most number of investors who purchased shares using the PSE Easy system developed for individual investors called Local Small Investors (LSI).
Monzon said there were 6,624 small investors from 74 provinces, 2 territories and 26 countries including Papua New Guinea, the newest country to be added in the LSI list of locations overseas, which purchased the AllDay shares.