Overview

* Israeli-based G. Willi-Food's ( WILC ) 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/Mis Actual Consensu

s s

Estimate

Q2 Sales ILS

160.50

mln

Q2 Net ILS

Income 31.90

mln

Q2 Basic ILS 2.3

EPS

Q2 Gross ILS 44

Profit mln

Q2 ILS

Operatin 20.60

g Profit mln

Press Release:

(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.)