Puregold H1 net income up 7.1%
Purgold said its first-half net income grew to P5.299 billion from P4.949 billion, as net sales rose 11.6% to P109.877 billion, while operating expenses increased by 13.6% to P14.986 billion.
'(T)he enterprise experienced positive same store sales growth (SSSG) of +6.4% from Puregold Stores driven by higher basket size and +4.7% from S&R Warehouse clubs driven by higher traffic,' the company said in a regulatory filing.
Puregold president Ferdinand Vincent Co earlier this year said the company would implement an 'aggressive' store expansion strategy this year, prioritizing key provincial markets to drive continued growth to position for long-term value creation.
It has allotted P1.9 billion for expansion and opened its first store in Zamboanga del Norte on July 26, its 17th new store in 2025. Eight more outlets are set to be opened within the year.
Puregold ended June with 764 stores nationwide, including 666 Puregold stores, 31 S&R Membership Shopping Warehouses, and 67 S&R New York Style QSRs.
Shares in the company were last trading at P40.90 apiece, up by P1.25 or 3.15% from Tuesday's finish of P39.65 per share. —VBL, GMA Integrated News
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