{"id":328883,"date":"2024-08-11T12:50:33","date_gmt":"2024-08-11T04:50:33","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328883"},"modified":"2024-08-11T13:12:36","modified_gmt":"2024-08-11T05:12:36","slug":"trade-the-news-pgolds-profit-improves-to-p4-95-billion","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-pgolds-profit-improves-to-p4-95-billion\/","title":{"rendered":"Trade the News: PGOLD’s profit improves to P4.95 billion"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Puregold Price Club Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>PGOLD<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 39.56<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Puregold Price Club Inc. (PGOLD) posted a 12.5 percent growth in consolidated net income to P4.95 billion for the first half of 2024 from P4.4 billion in the same period last year.<\/p>\n\n\n\n

In a disclosure to the Philippine Stock Exchange (PSE), the firm said its consolidated revenue improved eight percent to P98.5 billion in the first half (1H) of 2024 from P91.2 billion in the same period last year.<\/p>\n\n\n\n

In 1H 2024, the enterprise experienced positive same-store sales growth (SSSG) of 1.9 percent from Puregold Stores, driven by higher traffic, and 2.4 percent from S&R Warehouse clubs, driven by higher ticket sizes.<\/p>\n\n\n\n

The company said it continues to see a buoyant trajectory in topline growth for the second half of 2024. Puregold\u2019s topline growth was complemented by slight improvements in gross margins for both Puregold and S&R businesses.<\/p>\n\n\n\n

As of the end of June 2024, PGOLD opened 12 new Puregold stores, two S&R Membership Shopping Warehouse, and one S&R New York Style QSR.<\/p>\n\n\n\n

The group had a total of 581 stores nationwide. These include 498 Puregold stores, 28 S&R Membership Shopping Warehouses, and 55 S&R New York Style QSRs.<\/p>\n\n\n\n

(News excerpt from Manila Bulletin<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328883","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328883"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328883\/revisions"}],"predecessor-version":[{"id":328885,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328883\/revisions\/328885"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}