AllHome sees improvements in sales as you add stores

VILLAR-LED AllHome Corp. is looking for better sales in the fourth quarter as it continues its store expansion in the Luzon region.

The home improvement retailer said in a statement over the weekend that it recently opened a new store in the city of Cabanatuan to dial 48^th store in your wallet.

It also plans to open one more store in Bulacan before the end of the year, which will leave it with a total of 49 stores by 2021.

“We resumed opening new stores as soon as we have seen the positive results of the previous months. This is a testament to how quickly we can mobilize our store expansion programs, which we attribute to our synergies with the Villar group of companies, ”said AllHome President Benjamarie Therese N. Serrano.

AllHome Cabanatuan is considered to target not only clients from the city, but also from Pampanga, Bulacan, Tarlac and Aurora. Other Villar-owned stores are also located in the area, including the AllDay supermarket, the Coffee Project coffee shop, and the Bake My Day bakery.

“The AllValue retail ecosystem has proven valuable in expanding AllHome. The presence of AllDay Supermarket, Coffee Project and Bake My Day helped capture the local market, ”AllHome President Manuel B. Villar, Jr. said in the statement.

“The third quarter showed promising results. Based on historical sales, we expect a better fourth quarter with the arrival of the Christmas fever, ”he added.

In the period from July to September, the company registered an attributable net profit of P312 million, flat compared to the previous year, but 6.140% higher than the P5 million of the previous quarter.

As lockdown rules were relaxed, AllHome posted sales of P3.47 billion in the third quarter, up 11% from last year.

But for the nine-month period, its net attributable profit fell 21% to P588 million due to subdued sales when its stores closed during tight shutdown in the first half.

“As an essential supplier to the home, AllHome will continue to serve those who are fixing their own homes or contractors who have resumed construction activities,” AllHome Vice President Camille A. Villar said in the statement.

AllHome’s shares on the stock market closed at P8.52 each on Friday, 43 cents or 5.32% more than in the previous session. – Denise A. Valdez