The retail giant, led by president Vincent Co, grew first quarter net income 23.7 percent to P3.26 billion from P2.64 billion a year earlier, with profit growth outpacing both sales and store expansion.
Revenue climbed 12.1 percent to P58.78 billion from P52.42 billion as consumers increased grocery spending and bulk purchases.
Existing branches fuel growth
Puregold ended March with 790 stores nationwide, up from 757 a year earlier and 784 at end-2025, showing earnings growth was driven not only by new branches but also by stronger sales from existing locations.
Same-store sales growth reached 5.4 percent for Puregold supermarkets and 12 percent for S&R warehouse clubs, signaling resilient demand for essentials and value-focused shopping.
Gross profit rose 15.1 percent to P11.8 billion as gross margins improved to 20.1 percent from 19.6 percent.
Margins continue improving
Operating income jumped 20 percent to P4.77 billion, reflecting improving efficiency and stronger profitability as sales expanded faster than operating expenses.
Operating expenses increased 11.4 percent to P8.01 billion during the quarter, while income tax expense rose 23.3 percent to P957 million.
—Edited by Miguel R. Camus
