Israel's G. Willi-Food Q1 sales rise 8.3% yr/yr
Israel's G. Willi-Food Q1 sales rise 8.3% yr/yr
Overview
Israel-based kosher food distributor's Q1 sales rose 8.3% yr/yr on improved product availability
Gross profit up 9.7% yr/yr, driven by higher sales and favorable currency movements
Company expects new logistics center to be operational in Q4 due to war-related disruptions
Outlook
Company says new logistics center will support future growth and improve operational efficiency
Result Drivers
IMPROVED PRODUCT AVAILABILITY - Co said higher Q1 sales were driven by improved product availability and growing demand
FAVORABLE CURRENCY MOVEMENTS - Strengthening of the NIS against the USD and EUR supported purchase prices and gross margin
PROFITABLE PRODUCT MIX - Focus on selling a more profitable product portfolio contributed to higher gross profit margin
Company press release: ID:nPn59xCsXa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales |
| ILS 157 mln |
|
Q1 Net Income |
| ILS 20.1 mln |
|
Q1 Basic EPS |
| ILS 1.44 |
|
Q1 Gross Profit |
| ILS 49 mln |
|
Q1 Operating Profit |
| ILS 20 mln |
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(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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