The Lucio Co-owned Puregold Price Club Inc. logged a P6.9 billion net income in the first 9 months of 2024.
In a statement on Tuesday, Puregold said its three-quarters of consolidated net income rose to P6.9 billion last year, 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 posted a gross revenue of P137.8 billion, according to a third-party report.
The report also 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.
Aside from this, Puregold Price Club Inc. president Ferdinand Vincent Co said they take pride in being named the top 200 among the top 1000 companies compiled by a media entity this year.
"Being recognized among the top 20 corporations in the Philippines is a validation of our vision and execution,” said Co.
“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”, and “Hakot Every 1" ensure savings on essential goods, and Tindahan Ni Aling Puring (TNAP), a loyalty platform empowering micro-entrepreneurs, have bolstered customer trust and loyalty. These 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.