PUREGOLD PRICE Club, Inc. posted a 23.7% increase in net income for the primary quarter (Q1), driven by higher sales and improved margins.
In a regulatory filing on Thursday, the listed retailer said net income rose to P3.26 billion within the January-to-March period from P2.64 billion a yr earlier.
Consolidated net sales increased by 12.1% to P58.78 billion from P52.42 billion in the identical period last yr.
Puregold said the expansion was supported by positive same-store sales growth (SSSG), with Puregold stores posting a 5.4% increase resulting from higher basket sizes, while S&R Warehouse Clubs recorded 12% growth on higher customer traffic.
“For the primary quarter of 2026, the enterprise experienced positive SSSG of +5.4% from Puregold Stores driven by higher basket size and +12% from S&R Warehouse clubs driven by higher traffic,” the corporate said.
The corporate said first-quarter earnings growth was “driven by strong topline growth and complemented by improvement in gross margins.”
Gross profit rose by 15.1% to P11.8 billion, while gross margin improved to twenty.1% from 19.6% a yr ago.
Operating income climbed 20% to P4.77 billion from P3.97 billion previously.
Other operating income also increased by 7.8% to P977 million from P906 million.
Meanwhile, operating expenses went up 11.4% to P8.01 billion throughout the quarter.
Cost of sales increased by 11.4% to P46.98 billion from P42.16 billion a yr ago.
Income tax expense rose 23.3% to P957 million.
As of end-March, Puregold operated 790 stores nationwide, consisting of 685 Puregold stores, 33 S&R Membership Shopping Warehouses, and 72 S&R Recent York Style quick-service restaurants.
The corporate’s board approved the first-quarter financial results during its regular meeting on May 7. — Alexandria Grace C. Magno