PSE-listed Puregold Price Club Inc. reported a 6.5 percent increase in consolidated net income to P2.64 billion, from P2.48 billion a year earlier, enhanced by stable gross margins.
The company said in a statement on Tuesday its consolidated revenues grew 10.78 percent to P52.42 billion from P47.32 billion in the comparable period.
In the first quarter of 2025, Puregold “experienced positive same store sales growth of 5.9 percent from Puregold stores, driven by higher basket size,” it said. Sales from its S&R Warehouse grew 4 percent on higher traffic.
As of end-March, Puregold was operating 757 stores nationwide, comprising 662 Puregold stores, 30 S&R Membership Shopping Warehouses, and 65 S&R New York Style quick service restaurants.
Author
- Advertisement -
