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.)