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WILCF — G Willi Food International News Story

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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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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