G. WILLI-FOOD INTERNATIONAL Reports Third Quarter FY2023 Earnings Results

🌥️Earnings Overview

G. WILLI-FOOD INTERNATIONAL ($NASDAQ:WILC) released its earnings results for the third quarter of FY2023, which ended on September 30 2023. The company’s total revenue was ILS 123.9 million, staying the same compared to the prior year. Nevertheless, net income decreased by 35.7%, amounting to ILS 4.9 million.

Stock Price

The company opened at $9.4 and closed at $9.3, a 2.1% drop from its previous closing price of $9.5. Despite this, the company had strong cash flow and net income to end the quarter. The company’s sales in the domestic market saw a 1% decrease due to rising costs and competition, while their international sales increased by 3%. This was largely attributed to their continued expansion into new markets and their commitment to providing high quality products at competitive prices.

They also focused on improving their customer service and delivery process to increase customer satisfaction. G. WILLI-FOOD INTERNATIONAL expects these strategies to continue to grow their customer base and expand their reach in the coming quarters. Going forward they have set a goal of increasing their margin by 3% by investing in technology and research and development to improve efficiency and reduce costs. With these efforts, G. WILLI-FOOD INTERNATIONAL is confident that it will continue to be a leader in the food industry and achieve success in its future endeavors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for WILC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for WILC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for WILC. More…

Key Ratios Snapshot

Some of the financial key ratios for WILC are shown below. More…

Analysis

GoodWhale has conducted an analysis of G. WILLI-FOOD INTERNATIONAL’s financials and we have concluded that they have a high health score of 8/10. This score is based on cashflows and debt, indicating that the company is capable of paying off its debt and funding future operations. In terms of asset, G. WILLI-FOOD INTERNATIONAL is strong, but in terms of dividend, growth, and profitability, the company is only medium. We have classified G. WILLI-FOOD INTERNATIONAL as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be attractive to investors who are looking for a moderate rate of return over time. Investors seeking higher returns may be willing to take on more risk in exchange for the potential for larger rewards. For those investors, it may be beneficial to look for companies that are more growth-oriented or have higher profitability scores. However, G. WILLI-FOOD INTERNATIONAL may still be an attractive option for more conservative investors looking for steady but moderate returns. More…

Peers

It faces competition from Nascent Wine Co Inc, Shineroad International Holdings Ltd, and Cool Link (Holdings) Ltd, all of which are prominent players in the food industry. Despite the competitive landscape, G. Willi-Food International Ltd has managed to maintain its leading position through its innovative products, excellent customer service, and commitment to quality.

– Nascent Wine Co Inc ($OTCPK:NCTW)

Nascent Wine Co Inc is a leading producer and distributor of fine wines from around the world. The company has been in business since 1997 and has built a strong reputation for producing high-quality wines. As of 2023, Nascent Wine Co Inc has a market capitalization of 131.33k, giving it a relatively small size compared to other major wine companies. The company also has a negative Return on Equity (ROE) of -56.08%. This suggests that the company has not been able to generate profits as efficiently as its peers, which is concerning for potential investors. Despite this, Nascent Wine Co Inc remains a respected player in the wine industry and continues to offer quality wines to its customers.

– Shineroad International Holdings Ltd ($SEHK:01587)

Shineroad International Holdings Ltd is a Hong Kong-based company engaged in the importing and exporting of goods and services. The company has a market cap of 408 million as of 2023, which puts it among the more prominent players in the industry. Additionally, Shineroad International Holdings Ltd has an impressive return on equity of 9.39%. This measure of profitability shows that the company is using its shareholders investments to create value and generate returns. This bodes well for investors who are looking for strong returns on their investments.

– Cool Link (Holdings) Ltd ($SEHK:08491)

Cool Link (Holdings) Ltd is a company that provides a range of mobile data services and products. Its market capitalization stands at 55.67M as of 2023. This represents the total value of the company’s outstanding shares. Additionally, its Return on Equity (ROE) ratio stands at -36.91%. This is a measure of profitability and can be used to compare the performance of the company to that of its peers. It indicates that the company is not doing well financially and may need to improve its operations in order to increase profitability.

Summary

G. WILLI-FOOD INTERNATIONAL reported total revenue of ILS 123.9 million for the third quarter of FY2023, unchanged from the previous year. Net income decreased by 35.7% to ILS 4.9 million, illustrating the impact of the current economic situation. For investors, this could be a red flag, signaling potential challenges ahead.

It may be prudent to take a closer look at the company’s financials and performance before making any decisions. Longer term investors should maintain a close watch on the company’s earnings and other indicators to determine if G. WILLI-FOOD INTERNATIONAL is a suitable stock for their portfolio.