Grocery retailer Puregold Price Club Inc. reported a 7 percent increase in net income for the first half of 2025, reaching ₱5.29 billion, up from ₱4.94 billion in the same period last year, driven by robust topline performance and consistent gross margins.
In a regulatory disclosure on Wednesday, the Lucio Co-led company said consolidated revenue rose 11 percent year-on-year to ₱109.87 billion, compared to ₱98.49 billion in 2024. The growth was attributed to positive same-store sales performance, with Puregold stores posting 6.4 percent growth due to higher basket sizes, while S&R Warehouse Clubs saw a 4.7 percent increase driven by higher customer traffic.
As of end-June 2025, Puregold operates 764 stores nationwide, comprising 666 Puregold outlets, 31 S&R Membership Shopping Warehouses, and 67 S&R New York Style quick service restaurants.
Despite the earnings momentum, the company adopted a more conservative capital expenditure strategy for the year, budgeting ₱6.35 billion, down from ₱8.1 billion in 2024. About ₱3 billion is earmarked for the expansion of the S&R brand, including three new warehouse clubs and 14 restaurants. An additional ₱1.9 billion will support the opening of 30 new Puregold stores.
Further allocations include ₱200 million for logistics infrastructure and ₱1.25 billion for maintenance, solar energy projects, and IT upgrades.
Looking ahead, Puregold projects revenue growth between 6 percent and 8 percent for full-year 2025. Gross profit margins are expected to range from 15.5 percent to 16.5 percent for Puregold stores and 21.5 percent to 22.5 percent for S&R Warehouse Clubs.
The company’s continued earnings resilience and strategic reinvestment reflect its efforts to sustain market leadership amid shifting consumer patterns and increased competition in the retail sector.
