Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Puregold profit hits P2B as new stores boost sales

by
August 2, 2022
in Investing News
0
Puregold profit hits P2B as new stores boost sales
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

PUREGOLD Price Club, Inc. reported a 4.1% increase in its net income to P2.05 billion from last year’s P1.97 billion after booking higher sales boosted by newly opened stores and eased mobility restrictions.

“Sales had an uplift as mobility eased further in the second quarter. Total traffic to all stores increased by 10% versus the same period last year,” the company said in a press release on Tuesday.

During the second quarter, the company posted a 13.7% increase in net sales to P43.73 billion from the last year’s P38.45 billion.

In the first six months, the company registered a net income of P4.2 billion, a 5.3% jump from last year’s P3.99 billion.

“This was principally driven by the continuous organic expansion of the Group’s grocery retail outlets, strategic cost management and sustained strong consumer demand,” the company said in a disclosure to the stock exchange.

It also posted a 7.9% increase in net sales for the semester to P82.24 billion from P76.18 billion a year earlier.

“Net sales slightly grew due to sales contribution from full operation of 2021 new stores and revenue contribution from 2022 newly opened stores of both Puregold and S&R,” the company said.

The company added nine additional Puregold stores during the first half of the year, bringing the total number of Puregold group stores countrywide to 507 as of the end of June.

These stores include 438 Puregold stores, 22 S&R membership shopping warehouses, and 47 S&R New York Style quick service restaurants.

Puregold Price Club operates the group’s stores located all over the Philippines, maintains two online platforms — “Sally” and “PureGo” — and is affiliated with other online delivery platforms like Pickaroo, Metromart, Lazada, and Shopee.

On the stock exchange on Tuesday, shares in the company ended unchanged at P30.10 apiece. — Justine Irish D. Tabile

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
NGO provides mental health support for sexually abused women 

NGO provides mental health support for sexually abused women 

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Offsite blog – How Modernising Your Legacy System Could Help Increase Business Efficiency

Offsite blog – How Modernising Your Legacy System Could Help Increase Business Efficiency

August 11, 2022
LA at a crossroad

LA at a crossroad

July 17, 2022
5 Quality Control Tools For Interaction With Customers | Helpware

5 Quality Control Tools For Interaction With Customers | Helpware

June 16, 2022
Business chambers endorse Trade dep’t position on joining RCEP, MSME support

Business chambers endorse Trade dep’t position on joining RCEP, MSME support

July 3, 2022
The K-pop wave in the COVID surge

The K-pop wave in the COVID surge

August 7, 2022
3 Major Trends Fostering Polymer Nanocomposites Market Outlook Through 2028

3 Major Trends Fostering Polymer Nanocomposites Market Outlook Through 2028

June 30, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.