Puregold nets P2.64 billion

MANILA, Philippines — Puregold Price Club Inc., the flagship retail chain of businessman Lucio Co, saw its earnings rise in the first quarter, driven by strong revenue growth and stable gross margins.

Puregold reported a net income of P2.64 billion during the quarter, up from P2.48 billion in the same period in 2024.

Revenues generated by the company climbed by 10.8 percent to P52.42 billion in the first quarter from P47.32 billion a year ago.

The enterprise segment posted positive same store sales growth of 5.9 percent from Puregold stores as a result of higher basket size and four percent from S&R Warehouse clubs due to higher traffic.

As of end-March, Puregold operates a total of 757 stores nationwide comprising 662 Puregold stores, 30 S&R Membership Shopping Warehouses and 65 S&R New York Style quick service restaurants (QSRs).

For this year, Puregold is stepping up its expansion in the provinces to ensure sustained growth.

The company has earmarked P6.35 billion for its capital expenditures budget for 2025.

Of the budget, P1.9 billion is allocated for 30 new Puregold stores and P3 billion for three S&R Warehouses and 14 S&R QSRs.

Puregold will also be investing P1.25 billion for maintenance capex, solar projects and IT upgrades, while P200 million will be used for logistics capex.