AllDay Supermarket profit climbs 33% in Q1 despite Omicron threat 

Its net profit stood at P95m (approx. US$1.8m), up from P71m (US$1.3m).

All Day Supermarket profit grew by 33% year-on-year to P95m (US$1.8m) in the first quarter of 2022 despite the impact of the omicron surge in the Philippines. 

This is up from P71m (US$1.3m) seen in the same quarter of last year, the company noted. 

“AllDay’s business results in the opening quarter of 2022 is a display of our strong operating fundamentals across the chain,” Manuel B. Villar Jr, Chairman of AllDay, said.

“This quarter showed that AllDay can capably navigate extraordinary circumstances, such as the Omicron surge early in the quarter—from January to mid-February of this year. We immediately capitalized on the footfall improvement brought about by the downgrading of the pandemic restrictions to Alert Level 1, to which we attribute our satisfactory performance for Q12022.”

Over the same period, the company also saw its revenue rise by 7.4% in revenue to P2.29b (US$43.6m) from P2.13b (US$40.6m) in 2021; whilst its gross profit went up to P467m (US$8.9m), representing a 10.2% increase from P424m (US$8.08m).

“The first quarter saw us open AllDay Worldwide Corporate Center in Mandaluyong, a new NCR location. For the balance year, AllDay’s expansion will prioritize NCR and Tier 1 cities across the country as we grow the network to our 100 store milestone by 2026.” Frances Rosalie T. Coloma, AllDay Supermarket’s CEO, said. 

“In terms of operations, we are pleased with our growth thus far, and we intend to capitalize on all our opportunities to improve, especially through negotiation gains with our valued suppliers that come with our increased purchase volumes as we continue expand our store network footprint.”