Israel's G. Willi-Food Q2 revenue rises on improved product availability, higher private label sales

Reuters
08/12
Israel's G. Willi-Food <a href="https://laohu8.com/S/QTWO">Q2</a> revenue rises on improved product availability, higher private label sales

Overview

  • Israeli-based G. Willi-Food's Q2 sales rise 9.4% yr/yr to ILS 160.5 mln ($47.6 mln)

  • Operating profit jumps 113.9% yr/yr due to reduced expenses

  • Net profit surges 365.5% yr/yr to ILS 31.9 mln

Outlook

  • Company expects new logistics center to be completed by early next year

  • Company aims to expand into new food categories

  • Willi-Food plans to maintain competitive pricing amid rising living costs

Result Drivers

  • INVENTORY LEVELS - Increased inventory levels and improved product availability supported growing demand

  • PRIVATE LABEL SALES - Higher private label sales to large retail chains contributed to sales growth

  • EXPENSE REDUCTION - Operating profit boosted by reduced operating expenses and absence of prior year's financial sanction expense

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

ILS 160.50 mln

Q2 Net Income

ILS 31.90 mln

Q2 Basic EPS

ILS 2.3

Q2 Gross Profit

ILS 44 mln

Q2 Operating Profit

ILS 20.60 mln

Press Release: ID:nPn1pbSRja

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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