Tycoon Manuel Villar Jr.-led supermarket operator AllDay Marts Inc. reported a net income of P97 million for the first quarter of 2024 while revenues grew 1.1 percent to P2.468 billion.
It ended the period with a gross profit of P514 million, up from P508 million.
The company achieved growth by opening new stores and pushing international products catering to more affluent segments amid a “challenging quarter punctuated by decreased household spending and elevated prices, said AllDay president and CEO Frances Rosalie T. Coloma.
“AllDay’s stable position through the first quarter can be credited to continuing gains from our importation and, in part, through our new minimarts,” Coloma said.
