RETAILER Puregold Price Club Inc. recorded a nine-month net income of P6.9 billion for 2024, up 4.5 percent from P6.6 billion in the same period last year and driven by a 9.1-percent increase in consolidated revenues.
In a disclosure, Puregold said that consolidated revenues for January-September had risen to around P152 billion from P139.3 billion last year.'The company continues to see a buoyant trajectory in topline growth for the remainder of 2024,' it claimed. Puregold also said that topline growth was complemented 'by a slight improvement in gross margins for the S&R business.'Same store sales growth for both Puregold Stores and S&R Warehouses improved by 3.5 percent and 4.
The company added that as of end-September this year, it had opened 19 new Puregold stores, three S&R membership shopping warehouse outlets, and three S&R New York Style QSRs , bringing the total number of stores to 591 nationwide.In a separate statement, the company said that its board has approved the acquisition of Puremart stores from Tower 6789 Corp., with a book value of up to P567.5 million.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Puregold CinePanalo names 25 student finalists for 2025 short film competitionPuregold has unveiled the 25 student finalists for the 2025 Puregold CinePanalo short film competition, with each filmmaker receiving a P150,000
Read more »
Puregold ramps up Visayas expansion, targets growth with innovation, strategic community initiativesPuregold Price Club, Inc. is poised for exponential growth in the Visayas region, marking a pivotal moment in the company’s aggressive expansion strategy.
Read more »
From Luzon to Mindanao: Puregold CinePanalo unveils 25 top student finalistsThe complete lineup for the upcoming 2025 Puregold CinePanalo has now been finalized, with the announcement of the twenty-five student films to be showcased at the festival under the short film category. The promising young filmmakers will each receive a P150,000 production grant.
Read more »
From Luzon to Mindanao: Puregold CinePanalo unveils 25 top student finalistsThe complete lineup for the upcoming 2025 Puregold CinePanalo has now been finalized, with the announcement of the 25 student films to be showcased at the festival under the short film category.
Read more »
OPM stars get into the fiesta spirit at Puregold’s MassKaravan and Concert in BacolodHip-hop icons Skusta Clee and Flow G were joined by P-Pop megastars SB19 to bring the panalo spirit to Puregold’s Sari-Sari Store MassKaravan and Concert in Bacolod.
Read more »
OPM stars get into fiesta spirit at Puregold’s MassKaravan and Concert in BacolodHip-hop icons Skusta Clee and Flow G were joined by P-Pop megastars SB19 to bring the panalo spirit to Puregold’s Sari-Sari Store MassKaravan and Concert in Bacolod.
Read more »