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Manila Bulletin devider Business devider The Stock Market devider Higher basket sizes, foot traffic boost Puregold's performance in H1

Higher basket sizes, foot traffic boost Puregold's performance in H1

Published Aug 6, 2025 09:45 am
Puregold Price Club, Inc. President Ferdinand Vincent Co (left) and Chairman Lucio L. Co (right)
Puregold Price Club, Inc. President Ferdinand Vincent Co (left) and Chairman Lucio L. Co (right)
Lucio Co-led grocery retail leader Puregold Price Club, Inc. reported a 7.1 percent improvement in consolidated net income to ₱5.3 billion for the first half of 2025 from ₱4.95 billion, driven by strong topline growth and complemented by stable gross margins.
In a disclosure to the Philippine Stock Exchange, the firm said it grew consolidated revenues by 11.6 percent to ₱109.9 billion for the first half of 2025 versus ₱98.5 billion in the same period last year.
For the first half of 2025, the enterprise experienced positive same-store sales growth (SSSG) of 6.4 percent from Puregold Stores, driven by higher basket size, and 4.7 percent from S&R Warehouse clubs, driven by higher traffic.
As of end June 2025, Puregold operates a total of 764 stores nationwide comprising 666 Puregold stores, 31 S&R Membership Shopping Warehouses, and 67 S&R New York Style QSRs.
For the period ended June 30, 2025, the Group realized an increase of 11.9 percent in consolidated gross profit to ₱20.95 billion at 19.1 percent margin from ₱18.72 billion at 19.0 percent margin in the same period of 2024.
Other operating income increased by 21.0 percent from ₱1.54 billion in the six months of 2024 to ₱1.86 billion in the same period of 2025.
Gross operating income for the six months of 2025 amounted to ₱22.81 billion at a gross operating margin of 20.8 percent and an increase of 12.6 percent from ₱20.25 billion at 20.6 percent margin in the same period of 2024.
Operating expenses increased by 16.4 percent from ₱12.88 billion in the six-month period ended June 30, 2024 to ₱14.99 billion in the same period of 2025.
Other expenses net of other income amounted to ₱966 million and ₱965 million for the six-month periods ended June 30, 2025 and 2024, respectively.

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Puregold Price Club Inc. Lucio L. Co
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