Business
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2026
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2026
About this update from G. Willi-food International, Ltd.
[{"type":"text","content":"GROSS PROFIT INCREASED BY 9.7% OVER COMPARABLE PERIOD IN 2025YAVNE, Israel, May 26, 2026 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the \"Company\" or \"Willi-Food\"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2026.\nFirst Quarter Fiscal Year 2026Sales increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) in the first quarter of 2025.Gross profit increased by 9.7% year-over-year to NIS 49.0 million (US$ 15.5 million).Operating profit for the first quarter of 2026 is NIS 20.0 million (US$ 6.3 million).Net profit increased by 3.0% year-over-year to NIS 20.1 million (US$ 6.3 million).Basic earnings per share of NIS 1.44 (US$ 0.5).Cash and cash equivalents balance of NIS 274.1 million (US$ 86.6 million) as of March 31, 2026.Management Comment Zwi Williger, Chairman and Joseph Williger, CEO, commented: \"We are pleased to begin 2026 with a strong first quarter, reflecting continued growth in both sales and profitability, driven by the consistent execution of our strategic plan.During the quarter, we remained focused on a more profitable product mix, while ensuring high product availability to support growing demand and further strengthen our relationships with customers and suppliers. In addition, the appreciation of the NIS against the U.S. dollar and the Euro supported our cost structure as an importer, enabling us to offer competitive pricing and deliver strong value to consumers.We continue to advance the construction of our new refrigerated logistics center. However, due to delays resulting from the ongoing war situation, the expected completion and commencement of operations of the facility is currently anticipated during the fourth quarter of 2026. We believe the new logistics center will support the Company's future growth and improve its operational efficiency.Looking ahead, we remain optimistic and confident in our ability to continue generating sustainable growth and long-term value for our shareholders.\"First Quarter Fiscal 2026 SummarySales for the first quarter of 2026 increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) recorded in the first quarter of...