VILLAR-LED AllHome Corp. aims to further increase its revenues in the Luzon area in the fourth quarter.
The home improvement store said in a weekend statement that a new shop in Cabanatuan City was recently launched to mark the 48th shop in its portfolio.
It is also preparing to launch yet another store in Bulacan before the end of the year, leaving a total of 49 shops in 2021.
“We started launching new stores as soon as we saw the encouraging effects of the last months. This tells us how easily our store growth projects can be mobilized. We contribute this to our synergies with the Villar Community of businesses,” said AllHome President Benjamarie N. Serrano.
Not only customers from the town but also from Pampanga, Bulacan, Tarlac and Aurora can be seen at AllHome Cabanatuan. Other Villar-owned shops, including AllDay Supermarket, the Coffee Project and Bake My Day bakery, are also located in the town.
“The AllValue eco retail framework has proven beneficial to AllHome’s growth. The involvement of AllDay Grocery, Coffee Project and Bake My Day led to the local business capture,” said AllHome Chairman Manuel B. Villar, Jr. in the release.
“The third quarter was successful. On the basis of historical sales, we expect the holiday rush to come in at a better fourth quarter.”
During the span from July to September, the business produced attributable net earnings of P312 million, unchanged from the previous year but 6.140 percent higher than the previous quarter.
AllHome recorded a gross sale of 3.47-B in the Q3, up 11 percent from last year as lock-down rules were alleviated.
But for the nine months its overall attributable profits dropped by 21 percent to P588 million owing to damp sales as its stores closed in the first half of the tight lockdown.
“As an important home supplier, AllHome will continue servicing those who repair their own homes or contractors who have resumed the building job,” AllHome Vice-Chairman Camille A. Villar said in the release.