Puregold Price Club, Inc. Revises Earnings Guidance for the Full Year 2012
August 28, 2012
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Puregold Price Club, Inc. revised earnings guidance for the full year 2012. For the period, the company expected to post a net profit of about PHP 2.63 billion, 71% higher year-on-year, due to rosier sales prospects. Based on company's revised 2012 guidance, the company announced consolidated net sales could grow by 50% from the PHP 39 billion level in 2011, while net margin for 2012 was seen at 4.5%.
As a result, consolidated revenues could hit PHP 58.5 billion in 2012.
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.