Puregold just dropped a bombshell: first-quarter net income surged nearly 24%, proving that the retail giant is absolutely unstoppable right now.
From January to March, profits skyrocketed to P3.26 billion—a massive leap from last year’s P2.64 billion. The secret? Soaring sales and fatter margins.
Consolidated net sales exploded by 12.1%, hitting P58.78 billion. That’s no accident—shoppers are buying more, and they’re coming back again and again.
Puregold stores posted a sizzling 5.4% same-store sales growth, driven by bigger basket sizes. Meanwhile, S&R Warehouse Clubs crushed it with 12% growth, fueled by surging customer traffic.
Gross profit jumped 15.1% to P11.8 billion, while gross margins expanded to 20.1%—up from 19.6% last year. That’s the kind of efficiency that makes competitors sweat.
Operating income climbed 20% to P4.77 billion, and other operating income rose nearly 8% to P977 million. The engine is humming on all cylinders.
Yes, operating expenses ticked up 11.4%, and income tax jumped 23.3%. But when your top line is on fire, those costs are just fuel for growth.
As of March, Puregold commands a staggering 790 stores nationwide—685 Puregold outlets, 33 S&R warehouses, and 72 S&R New York Style restaurants. The empire is expanding, and the numbers prove it’s only getting stronger.
