BusinessServices

AllHome Posted P4.85B in Sales for 1H 2020

AllHome Corp., a pioneering one-stop shop home store in the Philippines, posted PhP4.85 billion in sales for the first half of 2020 down only 4% from the same period last year despite the closure of stores during the Enhanced Community Quarantine (ECQ). The company took advantage of its unique retail ecosystem and balanced product category mix to generate sales. Gross margin improved to 31% from 29.5% for the same period last year. Operating expenses increased by 32.5% due to the effect of the pandemic. As a result, net income was at 276 million for the six month ended June 30, 2020, down 36.5%.

Manuel B. Villar, Jr., Chairman of AllHome stated, “We are pleased with our performance as it remained resilient especially on the level of sales we have generated despite the disruption of our store operations from the effects of the COVID-19 pandemic”.



“Given the challenges of the ECQ, AllHome has adapted to the “new normal mindset” and has capitalized on the AllValue retail ecosystem by putting up pop-up essential stores beside the AllDay supermarkets during the height of ECQ. It has also embarked on personal shopping services, established its e-commerce platform AllHomeclick.com, instituted stringent sanitation and social distancing protocols in our stores by setting limits on foot traffic inside the store at any one time, and adopted various online and touch-free payments and delivery options. Over the course of the ECQ, AllHome launched two Viber Communities for two different consumer sets: (1) Shop Online at AllHome for end users, and (2) AllHome Builders Shopping that targeted contractors and other related-industry professionals. Gathering 7,438 and 1,413 members, respectively, over the ECQ period, these communities pushed product and promotional content, highlighted AllHome’s safety policies, and created awareness for AllHome’s presence on other e-commerce platforms”, stated Camille A. Villar, Vice Chairman of AllHome.

AllHome’s balanced product category mix has provided a cushion during this economic instability. During the 2nd Quarter, appliances contributed almost 40% to sales. While the company saw a continued reduction in sales from construction for the quarter it was offset by the sustained increase in sales in the hardware category. More households took the opportunity to recreate their personal spaces by prioritizing comfort, refurbishing and renovating their homes since they spent most of their time during the ECQ inside the house.



The company’s total assets as of June 30, 2020 was at PhP20.0 billion, increasing from PhP19.7 billion as of December 31, 2019.

The Company doubled its store network from 23 in 2018 to 45 stores to date, a testament to the Villar Group’s proven capability to fast-track the construction and opening of stores. It still views 2020 with optimism and when the situation improves, has the capability to fast track construction and fit-out of new stores as it sees fit.

AllHome made a debut in the Philippine Stock Exchange via Initial Public Offering (IPO) on 10 October 2019.



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