VILLAR-LED firms AllDay Marts Inc. and AllHome Corp. posted different results last year, with the former benefiting from increased consumer spending and the latter recording lower home retail sales.

AllDay, also known as AllDay Supermarket, saw its net income expand 22.4 percent to P369 million in 2023, from P302 million a year earlier, while total revenues inched up 4.4 percent to P10.2 billion from P9.8 billion.

The growth was due to initiatives taken to "elevate the supermarket experience for the Filipino," AllDay Chairman Manuel Villar said in a statement.

"We believe our performance reflects this in 2023. With a market still clearly hungry for experiences in the country's full return to normalcy, our supermarket concept is still well-received," he added.

The supermarket chain recently launched four new minimart outlets as part of efforts to bring its products and services closer to communities.

AllHome, meanwhile, reported a net income of P797 million this year, down from the P933.8 million booked in 2022, with consolidated revenues totaling P12.06 billion.

Benjamarie Therese Serrano, AllHome president and CEO, said consumers had prioritized "less essential expenses like fashion, health and beauty, entertainment, and travel."

Notwithstanding the 2023 results, Serrano said AllHome remained committed to "delivering value to our stakeholders" by implementing operational efficiency measures, "especially as we face unusually high inflation and increased utility costs."

Looking ahead, AllHome plans to take advantage of the rebound in the home retail sector and continue synergies with home builder Vista Land and Lifescapes Inc. as well as with sister firms under the "AllValue umbrella."

AllDay shares rose 3.08 percent to P0.134 apiece on Monday, while AllHome's share price fell 1.01 percent to 98 centavos.

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