Puregold generates P6.9 billion at Q3 2024
Three-quarters of Puregold’s consolidated net income rose to P6.9 billion, marking a 4.5 percent year-on-year increase, a testament to the effectiveness of its operational strategies and disciplined cost management
Ferdinand Vincent Co, President of Puregold Price Club Inc.
Lucio Co-owned Puregold Price Club Inc. logged a P6.9-billion net income in the first nine months of the year in 2024.
In a statement on Tuesday, Puregold said three-quarters of its consolidated net income rose to P6.9 billion, marking a 4.5 percent year-on-year increase — a testament to the effectiveness of its operational strategies and disciplined cost management.
In 2023, Puregold’s gross revenue totaled P137.8 billion, according to a third-party report.
Said report highlighted a challenging macroeconomic environment in 2023, as combined revenues among the nation’s largest companies grew by 7.2 percent to P17.8 trillion, slowing due to prolonged inflationary pressures.
Top 20
Aside from this, Puregold Price Club Inc. said it takes pride in being listed in the top 20 of the largest 1000 companies compiled by a national newspaper this year.
“Being recognized among the top 20 corporations in the Philippines is a validation of our vision and execution,” said Ferdinand Vincent Co, president of Puregold Price Club Inc.
“This achievement is proof of our commitment to creating sustainable value for our customers, partner suppliers and shareholders. As we move forward, we remain focused on driving first-to-market innovation, strengthening operational efficiency, and enhancing stakeholder engagement,” he added.
Operating over 600 locations, including Puregold stores, S&R Membership Shopping Warehouses, and S&R New York Style Pizza outlets, Co said Puregold has consistently leveraged its expansive footprint to drive consumer engagement and deliver exceptional value.
At the core of Puregold’s success are customer-centric initiatives that distinguish the retailer in a competitive market.
“Programs like “Mas Pinababang Presyo Araw-Araw,” “Hakot Every 1” ensure savings on essential goods, and Tindahan Ni Aling Puring, a loyalty platform empowering micro-entrepreneurs, have bolstered customer trust and loyalty.
Such efforts have translated into measurable gains, with Puregold Stores and S&R Warehouse Clubs achieving same-store sales growth of 3.5 percent and 4.1 percent, respectively, in 2024, according to Co.