Consolidated revenues climbed 10.6 percent to P168 billion from P152 billion a year earlier, as both Puregold and S&R stores recorded steady growth in customer visits and basket size, the company said in a stock exchange filing on Monday.
Same-store sales increased 4.8 percent for Puregold and 5.4 percent for S&R Warehouse Clubs, underscoring resilient consumer demand despite tighter household budgets.
Heading figures
• Gross profit rose 13.5 percent to P31.4 billion.
• Gross margin improved to 18.7 percent on better cost control.
• Operating income increased 8.2 percent to P11.3 billion.
• Higher expenses reflected store expansion and competitive pricing efforts.
Retail conglomerate
As of end-September, Puregold operated 772 stores nationwide, including 673 Puregold outlets and 31 S&R warehouses, along with 68 S&R New York Style quick-service restaurants.
The grocery chain’s performance reflects how shoppers continue to seek value and essentials, helping Puregold sustain its lead in the country’s competitive retail landscape.
—Edited by Miguel R. Camus
