C05649-2023

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)
Jul 24, 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 1H23 Revenue Grows to P91.2 billion, Up 11% YoY "

Background/Description of the Disclosure

Manila, Philippines – Retail leader Puregold Price Club, Inc. (PGOLD) grew consolidated revenue to Php 91.2 billion in the first half of 2023 which represents an 11% growth from Php 82.2 billion in the same period last year. In the first half, groupwide same store sales was up 7% versus the same period last year as traffic was higher by 6.7% and baskets were flattish at 0.2% year on year. Broken down by banners, the enterprise experienced positive same store sales growth (SSSG) of +5.9% from Puregold Stores and +9.5% from S&R Warehouse clubs for the same period. SSSG trended towards more normalization starting in the second quarter as a contrast to the more flattering base effects felt in the first quarter of this year. The company continues to see a buoyant trajectory in topline growth for the balance of the year.

PGOLD consolidated net income in the first half rose by 4.8% year on year to Php 4.4 billion. For the period, double-digit topline growth was partially offset by compressed margins and higher operating expenses. The company increased its business activities and is gearing up to increase its store counts.

……
As of end-June 2023, PGOLD opened 16 new Puregold stores, 1 S&R Membership Shopping Warehouse and 1 S&R New York Style QSR. The group had a total of 543 stores nationwide. These include 467 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