Puregold Price Club Inc. has once again demonstrated its dominance in the retail sector, securing its place among the country’s top-grossing companies. According to a third-party report, Puregold had a gross revenue of ₱137.8 billion, cementing its leadership in the supermarket industry.
Operating over 600 locations, including Puregold Stores, S&R Membership Shopping Warehouses, and S&R New York Style Pizza outlets, 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 (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 (SSSG) of 3.5% and 4.1%, respectively, in 2024.
Such strong performance is reflected in the company’s financial results. For the first nine months of 2024, Puregold’s consolidated net income rose to ₱6.9 billion, marking a 4.5% year-on-year increase—a testament to the effectiveness of its operational strategies and disciplined cost management.
“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 a 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.”
The report also highlighted a challenging macroeconomic environment in 2023, as combined revenues among the nation’s largest companies grew by 7.2% to ₱17.8 trillion, slowing due to prolonged inflationary pressures. Despite these headwinds, Puregold’s ability to deliver robust financial results showcases its agility, strategic foresight, and resilience.
For investors and stakeholders, Puregold Price Club Inc. represents a compelling growth story. The company’s forward-thinking approach, supported by strong fundamentals and a commitment to operational excellence, positions it as a reliable partner in driving long-term value creation.
