PUREGOLD Price Club Inc. is expected to book a net income of P2.4 billion in the third quarter (Q3), mirroring its first-half performance and with top-line growth seen at 8 percent and same-store sales growth (SSSG) at 2 percent, Maybank Investment Banking Group said.
PUREGOLD Price Club Inc. is expected to book a net income of P2.4 billion in the third quarter , mirroring its first-half performance and with top-line growth seen at 8 percent and same-store sales growth at 2 percent, Maybank Investment Banking Group said.'As inflation is easing, our economic team forecasts 2024/2025 inflation of 3.2/2.
8 percent,' Maybank analyst Daphne Sze said in a report, adding that 'this should bode well for performance, where we expect SSSG hovering around its five-year average of 2 percent.'Maybank maintained its conservative 2024 forecast of 4-percent top-line growth for the Puregold-only format, with a 60 basis points gross profit margin expansion to 16.5 percent.
Q3 Income Expected To Hit P2.4B
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