C07628-2023

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)
Oct 23, 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 9M23 Revenue Grows to P139.3 billion, Up 9.2% YoY"

Background/Description of the Disclosure

Manila, Philippines – Retail leader Puregold Price Club, Inc. (PGOLD) grew consolidated revenue to Php 139.3 billion in the first nine months of 2023 which represents a 9.2% growth from Php 127.6 billion in the same period last year. In the first nine months, the enterprise experienced positive same store sales growth (SSSG) of +4.8% from Puregold Stores and +4.1% from S&R Warehouse clubs driven primarily from higher traffic. SSSG trends continued to normalize 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 nine months rose by 2.1% year on year to Php 6.6 billion. For the period, topline growth was partially offset by compressed margins and higher operating expenses.

……
As of end-September 2023, PGOLD opened 30 new Puregold stores, 2 S&R Membership Shopping Warehouse and 2 S&R New York Style QSR. The group had a total of 558 stores nationwide. These include 481 Puregold stores, 24 S&R Membership Shopping Warehouses, and 53 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