Grocery retailer Puregold Price Club Inc. said Wednesday its consolidated net income rose 7.1 percent in the first half of 2025 to P5.3 billion from P4.95 billion in the same period last year.
The company, owned by businessman Lucio Co, said the increase was driven by double-digit sales growth and stable gross margins.
Consolidated revenues jumped 11.6 percent to P109.9 billion from P98.5 billion a year earlier, boosted by higher basket sizes at Puregold stores and increased foot traffic at S&R Warehouse Clubs.
Same-store sales for the first six months of the year rose 6.4 percent for Puregold and 4.7 percent for S&R, the company said in a statement.
Gross profit climbed 11.9 percent to P20.9 billion, with a gross margin of 19.1 percent, steady from 19 percent in the first half of 2024.
As of end-June, Puregold was operating 764 stores nationwide, including 666 Puregold branches, 31 S&R Membership Shopping warehouses and 67 S&R New York Style quick service restaurants.
