Puregold Price Club Inc. said it grew its nine-month profit by 2.1 percent to P6.6 billion from P6.47 billion last year.
Revenues increased by 9.2 percent to P139.3 billion from P127.6 billion last year.
“In the first nine months, the enterprise experienced positive same store sales growth (SSSG) of 4.8 percent from Puregold Stores and 4.1 percent from S&R Warehouse clubs driven primarily from higher traffic. SSSG trends continued to normalize starting in the second quarter as a contrast to the more flattering base effects felt in the first quarter of this year,” it said.
“The company continues to see a buoyant trajectory in topline growth for the balance of the year,” added Puregold.
The company said it closed the period with 30 new Puregold stores, 2 S&R Membership Shopping Warehouse and 2 S&R New York Style Pizza, to bring its store network to 558 stores.
These include 481 Puregold stores, 24 S&R Membership Shopping Warehouses and 53 S&R New York Style Pizza. – Ruelle Castro