Puregold Price Club, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:43 am EST
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Puregold Price Club, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 45,327.5 million compared to PHP 39,058.28 million a year ago. Net income was PHP 2,274.38 million compared to PHP 1,749.16 million a year ago. Basic earnings per share from continuing operations was PHP 0.79 compared to PHP 0.61 a year ago. Diluted earnings per share from continuing operations was PHP 0.79 compared to PHP 0.61 a year ago.
For the nine months, sales was PHP 127,563.36 million compared to PHP 115,241.03 million a year ago. Net income was PHP 6,473.5 million compared to PHP 5,734.67 million a year ago. Basic earnings per share from continuing operations was PHP 2.26 compared to PHP 2 a year ago. Diluted earnings per share from continuing operations was PHP 2.26 compared to PHP 2 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. 
