G. Willi-food International (WILC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
G. Willi-Food International Ltd. has reported a 9.0% increase in annual sales for the fiscal year 2023, reaching a record NIS 543.3 million, despite facing challenges such as increased transport costs and geopolitical tensions. However, the company witnessed a decrease in gross and operating profits due to higher costs of imported products and other financial pressures. Willi-Food remains optimistic, focusing on expanding its product range and completing a new logistics center to bolster future growth.
For further insights into WILC stock, check out TipRanks’ Stock Analysis page.
