Puregold Betters Record Net Income In 2021

Puregold Price Club, Inc. (PGOLD) has reported a consolidated net income of Php 8.18 billion for year 2021.

Photo Insert: Puregold opened 30 new Puregold stores, while S&R opened 2 new warehouse clubs, the number of stores of the former totaling 499.

This is a 1.4% growth over its previous record income of Php 8.07 billion in 2020 and 20.7% better than the pre-pandemic 2019 consolidated net income of Php 6.77 billion.

The company’s resilient performance was underpinned by better margins. Annual gross profit and EBITDA margins improved to its highest levels since being a listed company at 18% and 11%, respectively.

In terms of store growth, PGOLD opened 30 new Puregold stores, while S&R opened 2 new warehouse clubs. PGOLD currently has a total of 499 stores nationwide. These include 430 Puregold stores, 22 S&R membership shopping warehouses, and 47 S&R New York Style QSRs.

Puregold remains steadfast in its commitment to deliver the best value and be the retailer of choice for Filipinos amidst challenging times.

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