Puregold net income up 6.5% in Q1 2025

Puregold Price Club Inc. opened 2025 with a 6.5% growth in its bottom line, as the company posted double-digit revenue growth in the first three months of the year on the back of higher traffic.

In a regulatory filing, Puregold said its consolidated net income climbed to P2.64 billion from P2.48 billion, as consolidated revenues grew 10.8% to 52.42 billion from P47.32 billion, with same-store sales growth recorded at 5.9% at Puregold Stores and 4% at S&R Warehouse clubs.

The company ended the first quarter with 757 stores across the country — 662 Puregold stores, 30 S&R Membership Shopping Warehouses, and 65 S&R New York Style QSRs.

Puregold president Ferdinand Vincent Co earlier this year said the company will implement an “aggressive” store expansion strategy this year, prioritizing key provincial markets to drive continued growth to position for long-term value creation.

Shares in the company were last traded at P31.20 apiece, down by 15 centavos or 0.48% from Monday’s finish of P31.35 per share. —VAL, GMA Integrated News