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OUTLIER: Investors snatch up Puregold after earnings, MSCI inclusion

INVESTORS took positions on Puregold Price Club, Inc. last week with analysts attributing it to its earnings result and its addition to a global equity index.

Puregold Q1 profit gets boost from panic-buying

EARNINGS of Puregold Price Club, Inc. jumped 17% in the first quarter, as consumers began panic-buying before the lockdown was implemented in mid-March.

Higher consumer spending lifts Puregold earnings

GROCERY operator Puregold Price Club, Inc. has expanded its earnings last year by 16% to P6.75 billion due to increased consumer spending.

Globe, Puregold team up for shoppers’ mobile app

GLOBE Telecom, Inc. and Puregold Price Club, Inc. launched on Friday a mobile app that enables Puregold shoppers do online shopping.

GCash introduces new cash-in technology at Puregold

GLOBE Fintech Innovations, Inc. (Mynt) is introducing a new technology allowing GCash users to top-up their mobile wallets by scanning a barcode at Puregold Price Club, Inc.’s stores.

Puregold expects double-digit growth in revenues this year

PUREGOLD Price Club, Inc. expects to see double-digit growth in revenues this year, as it partnered with Globe Fintech Innovations, Inc. (Mynt) to introduce a new payments system using mobile wallet GCash in its supermarkets.

Puregold rides stronger consumer spending to 11.6% profit growth

PUREGOLD Price Club, Inc. (PGOLD) said net profit in 2018 rose 11.6%, as the rise in take-home pay as a result of the passage of the tax reform law booted consumer spending.

Puregold to hike capital to P5B

PUREGOLD PRICE Club, Inc. is hiking its war chest to prepare itself for future acquisition opportunities.

Puregold raises P4.7 billion in private share placement

PUREGOLD Price Club, Inc. raised P4.69 billion through top-up share placement to finance its capital expenditures and potential acquisitions for the year.

Higher same-store sales lift Puregold’s net income

EARNINGS of Puregold Price Club, Inc. improved by 9% in the third quarter of 2018, driven by higher consumer spending on account of higher take-home pay under the tax reform law.

Puregold’s remittance unit gets SEC approval

PUREGOLD Price Club, Inc. has secured clearance from the Securities and Exchange Commission (SEC) to incorporate a new subsidiary that will handle its remittance business.

Puregold creates unit for remittance business

PUREGOLD Price Club, Inc. is going into the remittance business through a new subsidiary, PurePadala, Inc.

Supermarket operators report mixed results in first half

Supermarket operators reported mixed results for the first half of 2018, while posting higher same store sales growth (SSSG) for the period. In a statement...

A promising grocery retail market

High consumer confidence, combined with sustained economy, drives the country to become one of the most robust retail markets in the Southeast Asia today....

Puregold drops convenience store

PUREGOLD Price Club, Inc. has sold its stake in the Lawson chain of convenience stores after accepting its Japanese partner’s offer to buy out...

Puregold divests from Lawson brand

Puregold Price Club, Inc. has divested from the Lawson chain of convenience stores, after accepting its Japanese partner’s offer to buyout its 70% stake...

Puregold earns P5.84B in 2017

By Arra B. Francia, Reporter EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its...