Puregold Price Club, Inc. Reported P98.5 Billion in Consolidated Revenue for H1-2024

Grocery retail leader Puregold Price Club, Inc. (PGOLD) grew consolidated revenue to P98.5 billion in the first half of 2024 which represents an 8% growth from P91.2 billion in the same period last year. 

In the first half of 2024, the enterprise experienced positive same store sales growth (SSSG) of +1.9% from Puregold Stores driven by higher traffic and +2.4% from S&R Warehouse clubs driven from higher ticket size. The company continues to see a buoyant trajectory in topline growth for the second half of 2024.

​PGOLD consolidated net income for the first half of 2024 grew by 12.5% year on year to P 4.95 billion from P4.4 billion. Puregold’s topline growth was complimented by the slight improvement in gross margins for both Puregold and S&R business.

​As of end June 2024, PGOLD opened 12 new Puregold stores, 2 S&R Membership Shopping Warehouse and 1 S&R New York Style QSR. The group had a total of 581 stores nationwide. These include 498 Puregold stores, 28 S&R Membership Shopping Warehouses, and 55 S&R New York Style QSRs.

​Puregold Price Club, Inc. (PGOLD) was incorporated on September 8, 1998 as a company involved in the business of trading goods such as consumer products on a wholesale and retail basis. The Company opened its first store in Mandaluyong City in December 1998. PGOLD’s loyalty program, 'Tindahan ni Aling Puring'; was launched in 2004.

The Company conducts its operations through several retail formats and store brands. Hypermarkets, through 'Puregold Price Club'; offer a variety of food and non-food products and generally cater to both retail customers and resellers such as members of the Company's loyalty program. Supermarkets, through 'Puregold Junior'; operate as a neighborhood store which offers a higher proportion of food to non-food products vis-a-vis the Company's hypermarkets. Discounters, through 'Puregold Extra'; operate in a small store format that offers a more limited number of goods. Meanwhile, S&R Membership Shopping adopts a warehouse club concept where most of the products offered are in club packs. Majority of the merchandise are imported brand names mostly sourced from the US.

Among others, PGOLD also owns Entenso Equities, Inc., which is the holding company for two companies, namely, Ayagold Retailers, Inc. and San Roque Supermarkets. PPCI Subic, Inc. is operating one Puregold branch in Subic Bay, Olongapo City. In 2018, PGOLD incorporated Purepadala, Inc. mainly to operate the remittance operation of the Company.

By the end of 2023, PGOLD was operating a total of 323 hypermarkets, 134 supermarkets, 29 extras, 38 minimarts, 26 S&R warehouse clubs, 54 S&R Quick Service Restaurants for a total of 604 retail stores all over the country.