November 11, 2025 | 12:00am
MANILA, Philippines — A double-digit jump in revenues complemented by slight increase in gross margins boosted earnings of Lucio Co’s flagship retail chain Puregold Price Club Inc. in the nine months ending September.
Puregold recorded a 5.6-percent improvement in its net income to P7.3 billion in the first three quarters from P6.9 billion in the same period last year.
Revenues for the period reached P168 billion, 10.6 percent higher than the P152 billion recorded last year.
The enterprise segment saw positive same store sales growth of 4.8 percent from Puregold Stores driven by higher basket size and higher traffic.
S&R Warehouse clubs also registered same store sales growth of 5.4 percent as a result of higher traffic.
Puregold operated a total of 772 stores nationwide as of end-September. Its network consisted of 673 Puregold stores, 31 S&R Membership Shopping Warehouses and 68 S&R New York Style quick service restaurants.
Puregold president Vincent Co earlier said that the company’s vision is to have a Puregold branch within reach for every micro, small and medium enterprise as well as every Filipino family across the country.
“We want to make everyday products more accessible to them through best value pricing and greater presence,” Co said.
Puregold has earmarked P6.35 billion for its capital expenditures budget for 2025. Of the budget, P1.9 billion was allocated for new Puregold stores and P3 billion for S&R Warehouses and S&R QSRs.