Puregold Price Club Inc. on Tuesday reported a 6 percent rise in its first-quarter net income to ₱2.63 billion, up from ₱2.47 billion a year earlier, driven by robust sales growth across its retail formats. Total revenue climbed 11 percent year-on-year to ₱52.41 billion from ₱47.31 billion.
The listed grocery retailer cited positive same-store sales growth across its network, including a 5.9 percent increase from Puregold Stores fueled by larger basket sizes, and a 4 percent gain at its S&R Warehouse Clubs, supported by increased foot traffic.
As of March 2025, Puregold operates 757 stores nationwide — including 662 Puregold outlets, 30 S&R Membership Shopping warehouses, and 65 S&R New York Style quick service restaurants. The retailer is controlled by businessman Lucio Co.
The company announced it will deploy ₱6.35 billion in capital expenditures this year, a reduction from ₱8.1 billion in 2024. Approximately half of this year’s capex will fund the S&R brand expansion, with another ₱3 billion for building three new warehouse clubs and 14 new restaurants.
In addition, Puregold plans to open 30 new Puregold stores with a budget of ₱1.9 billion. Other allocations include ₱1.25 billion for maintenance, solar energy projects, and IT upgrades, and ₱200 million for logistics infrastructure.
The company projects full-year revenue growth of up to 8 percent. It also expects gross profit margins to remain stable, at 15.5 percent more or less for Puregold stores and 21.5 percent for S&R warehouse clubs.
The expansion signals Puregold’s continued focus on scaling its dual-format strategy to capture broader consumer segments, while optimizing operational efficiencies and exploring sustainable investments.
