Puregold allots P8.8 billion for 2026 expansion

MANILA, Philippines — Puregold Price Club Inc., the flagship retail chain of tycoon Lucio Co, is investing P8.8 billion this year to continue its aggressive network expansion and support a sustained growth.

Of its P8.8 billion capital expenditures budget for 2026, P2.2 billion is being allocated for 30 new Puregold stores and 30 Puremart stores, a company investor presentation showed.

Puregold is also allocating P2.8 billion for three S&R Membership Shopping Warehouses and 10 S&R quick service restaurants.

The company likewise intends to spend P800 million for logistics and P3 billion for maintenance, solar projects and information technology upgrades.

As of end-2025, Puregold operates a total of 784 stores nationwide, composed of 680 Puregold stores, 33 S&R Membership Shopping Warehouses and 71 S&R New York Style quick service restaurants.

Puregold is targeting to grow its revenue by five to seven percent this year. Last year, its revenues grew by 10.6 percent to P242.45 billion from P219.17 billion in 2024.

The company recorded positive same store sales growth of 4.1 percent from Puregold stores driven by higher basket size and 6.1 percent from S&R Warehouse clubs fueled by higher traffic.

Puregold finished the year with an 8.8-percent increase in its net income last year to P11.3 billion on the back of strong topline growth and improvement in gross margins.