Picture of G Willi Food International logo

WILCF — G Willi Food International News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer DefensivesBalancedSmall CapNeutral

Israel's G. Willi-Food Q2 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

MetricBeat/MissActualConsensus Estimate
Q2 SalesILS 160.50 mln
Q2 Net IncomeILS 31.90 mln
Q2 Basic EPSILS 2.3
Q2 Gross ProfitILS 44 mln
Q2 Operating ProfitILS 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.)

Recent news on G Willi Food International

See all news