Willy-Food Investments Ltd is an Israel-based company active in the food sector. It is an importer and supplier of kosher food products. The Company imports and distributes such products as canned fruit and vegetables, mushrooms, oils, pasta, rice, noodles, nuts, cheese, butter, margarine, coffee whitener and tea, juices, canned fish, fresh dairy products and bakery products. Although the majority of products are sold under its own brand, WF distributes a variety of items from other manufacturers, such as Completa Coffee whitener, Zanetti Cheese, Breda Butter, Nobleza Gaucha Yerba Mate Tea and Arla Foods Dairy Products. Among the Company's customers are wholesalers, supermarket chains, mini-markets, food service industry and military establishment. In addition, the Company sells its products abroad in the United States, Canada, the United Kingdom, Belgium, France, Switzerland and Australia, among other countries. In May 2014, it acquired 61.65% interest in Willy-Food Investments Ltd.
During the first
quarter of 2021, sales at Willy-Food Investments Ltd totalled
116.71 million Israel Shekels.
This is a drop of 9.6%
from the 129.10 million Israel Shekels in sales at the company during the first quarter in 2020.
This was the largest quarterly drop in sales since the fourth
quarter of 2016.
There appears to be at least some degree of seasonality in the sales at Willy-Food Investments Ltd: during 6 of the previous 7
years, sales were highest during the first quarter.
The exception to this was during 2019, when the
fourth quarter was the best quarter, accounting for
26% of sales (during that same year, the
first quarter accounted for 25% of sales).
Willy-Food Investments Ltd reported sales of 454.09 million Israel Shekels (US$138.53 million)
December of 2020.
increase of 14.8%
versus 2019, when the company's sales were 395.64 million Israel Shekels.
This was the fourth straight year of sales growth at Willy-Food Investments Ltd.