C03761-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
May 12, 2023
2. SEC Identification Number
A199813754
3. BIR Tax Identification No.
201-277-095
4. Exact name of issuer as specified in its charter
Puregold Price Club, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 900 Romualdez St., Paco, Manila Postal Code 1007
8. Issuer's telephone number, including area code
09178612459
9. Former name or former address, if changed since last report
None
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 2,880,137,615
11. Indicate the item numbers reported herein
Other Matters

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Puregold Price Club, Inc.PGOLD

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Press Release entitled “Puregold 1Q23 Net Income Grows to P2.4bn, Up 12% YoY”
Background/Description of the Disclosure

Manila, Philippines – Retail leader Puregold Price Club, Inc. (PGOLD) grew consolidated net income of Php 2.4 billion in the first three months of 2023 which represents a 12% growth from Php 2.2 billion in the same period last year on the back of higher comparative sales. Strong topline growth was tempered by compressed gross profit margins and higher operating expenses as the company gears up for more aggressive expansion. The retailer has continued to pursue an aggressive multi-year push to expand its reach and enrich its customer accounts through harder-hitting promotions and levelled-up joint business plans with its suppliers.

PGOLD consolidated net sales for the first quarter rose by 15% year on year to Php 44.4 billion. Topline momentum continued as consumption was robust even as inflationary pressures persisted. In the first quarter, groupwide same stores sales was up 11.3% versus the same period last year. Broken down by banners, the enterprise experienced positive same store sales growth (SSSG) of +8.8% from Puregold Stores and +16.8% from S&R Warehouse Clubs. For the topline, Puregold Stores contributed Php 30 billion while S&R Warehouses contributed Php 14.4 billion, up 12% and 23%, respectively, versus the same period last year.

In the first quarter, PGOLD opened 5 new Puregold stores, 1 S&R Membership Shopping Warehouse and 1 S&R New York Style QSR. As of end-March 2023, the group had a total of 531 stores nationwide. These include 456 Puregold stores, 23 S&R Membership Shopping Warehouses, and 52 S&R New York Style QSRs.
Other Relevant Information

Please see attached SEC 17-C Report of the Company
Filed on behalf by:
Name Candy Dacanay-Datuon
Designation Assistant Corporate Secretary / Compliance Officer