Puregold Price Club, Inc. Reports Earnings Results for the First quarter Ended March 31, 2021
May 11, 2021 at 02:24 am EDT
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Puregold Price Club, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was PHP 37,728.812 million compared to PHP 40,952.784 million a year ago. Operating income was PHP 3,306.294 million compared to PHP 2,966.756 million a year ago. Net income was PHP 2,020.430 million compared to PHP 1,763.402 million a year ago. Basic earnings per share from continuing operations was PHP 0.7 compared to PHP 0.61 a year ago.
Puregold Price Club, Inc. is engaged in the business of trading goods, such as consumer products (canned goods, housewares, toiletries, dry goods, food products, pharmaceutical and medical goods and others) on a wholesale and retail basis. The Company operates in the retailing business segment. Its stores are divided into four store models: Hypermarket, Supermarket, Extras and Minimart. It has over 525 retail stores, consisting of 452 Puregold Stores, 22 S&R Membership Shopping Warehouses and 51 S&R New York Style Pizza (QSRs). Hypermarkets offer food and non-food products to retail customers and small business owners (stores include mini-marts, cafeterias, restaurants, bakeries, pharmacies). The Supermarket is primarily located in residential areas and offers a higher proportion of food to non-food products. It maintains two online platforms called, Sally and Rappit and is affiliated with other online delivery platforms, such as Pick-a-roo, Metromart, Lazada, and Shopee.
PUREGOLD PRICE CLUB, INC. 
