Puregold Price Club, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 15, 2024 at 10:03 pm EDT
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Puregold Price Club, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was PHP 199,031.9 million compared to PHP 184,302.94 million a year ago. Net income was PHP 8,595.52 million compared to PHP 9,287.43 million a year ago.
Basic earnings per share from continuing operations was PHP 3 compared to PHP 3.24 a year ago.
Puregold Price Club, Inc. is engaged in the business of trading goods, such as consumer products (canned goods, housewares, toiletries, dry goods, food products, pharmaceutical and medical goods and others) on a wholesale and retail basis. The Company operates in the retailing business segment. Its stores are divided into four store models: Hypermarket, Supermarket, Extras and Minimart. It has over 525 retail stores, consisting of 452 Puregold Stores, 22 S&R Membership Shopping Warehouses and 51 S&R New York Style Pizza (QSRs). Hypermarkets offer food and non-food products to retail customers and small business owners (stores include mini-marts, cafeterias, restaurants, bakeries, pharmacies). The Supermarket is primarily located in residential areas and offers a higher proportion of food to non-food products. It maintains two online platforms called, Sally and Rappit and is affiliated with other online delivery platforms, such as Pick-a-roo, Metromart, Lazada, and Shopee.