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
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.)