Puregold Price Club, Inc. (PGOLD), a leader in grocery retail, is aggressively expanding its footprint, with a strategic focus on key provincial markets.
“This initiative is designed to fuel sustained growth, extend our market reach, and elevate the shopping experience through enhanced convenience and accessibility—ultimately driving long-term value creation,” said Puregold Price Club Inc. President Ferdinand Vincent Co.
As of December 2024, PGOLD has significantly expanded its operations, launching 26 new Puregold stores, 4 S&R Membership Shopping Warehouses, and 8 S&R New York Style QSR locations. The company now operates a total of 602 stores nationwide, consisting of 511 Puregold stores, 29 S&R Membership Shopping Warehouses, and 62 S&R New York Style QSR outlets.
PGOLD’s financial performance reflects its strong momentum. The company reported consolidated revenues of Php 219.17 billion in 2024, marking a 10.1% increase from Php 199 billion in 2023. Same-store sales growth (SSSG) remained positive, rising +4.5% at Puregold Stores and +6.4% at S&R Warehouse Clubs, driven by higher customer traffic and increased basket size.
Profitability surged as PGOLD’s consolidated net income climbed 21.3% year-on-year, reaching Php 10.4 billion from Php 8.6 billion in 2023. This growth was fueled by robust top-line performance and improved gross margins in the S&R business.
In recognition of its strong financial results, PGOLD’s board has approved a 30% regular dividend payout of Php 1.09 per share, totaling Php 3.13 billion, to shareholders of record as of April 30, 2025. Additionally, the board has sanctioned a 20% special dividend payout of Php 0.72 per share, amounting to Php 2.08 billion, for shareholders of record as of September 2, 2025.
Combined, the total dividend payout—encompassing both regular and special dividends—will amount to Php 5.21 billion, translating to a 7.1% dividend yield. The payouts will be drawn from PGOLD’s unrestricted retained earnings as of December 31, 2024.
“Our company has achieved record-breaking earnings, demonstrating resilience and sustained performance despite challenging market conditions. This success is a testament to the strategic growth and profitability of our core business,” said Co.
