{"id":328935,"date":"2024-08-14T00:53:42","date_gmt":"2024-08-13T16:53:42","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328935"},"modified":"2024-08-14T00:53:44","modified_gmt":"2024-08-13T16:53:44","slug":"trade-the-news-pgold-records-net-income-of-p4-95-billion-in-1h-2024","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-pgold-records-net-income-of-p4-95-billion-in-1h-2024\/","title":{"rendered":"Trade the News: PGOLD records net income of P4.95 billion in 1H 2024"},"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) expects sustained topline growth in the second half (2H) after strong revenues propelled the company\u2019s earnings to a double digit increase in the first half (1H) of the year.<\/p>\n\n\n\n

The listed grocery retailer posted a net income of P4.95 billion in 1H 2024 ending June, up by 12.5 percent from P4.4 billion in the same period in 2023.<\/p>\n\n\n\n

This was driven by an eight percent improvement in revenues to P98.5 billion from last year\u2019s P91.2 billion.<\/p>\n\n\n\n

The company\u2019s revenue expansion was complimented by the slight improvement in gross margins for both Puregold and S&R.<\/p>\n\n\n\n

Puregold said it continues to see a buoyant trajectory in topline growth for the second half.<\/p>\n\n\n\n

In the first half, the company experienced positive same store sales growth of 1.9 percent from Puregold stores, driven by higher traffic and 2.4 percent growth from S&R Warehouse clubs as a result of higher ticket size.<\/p>\n\n\n\n

It opened 12 new Puregold stores, two S&R Membership Shopping Warehouses and one S&R New York Style quick service restaurant (QSR) in the first half.<\/p>\n\n\n\n

As of end-June, Puregold had a total of 581 stores nationwide, composed of 498 Puregold stores, 28 S&R Membership Shopping Warehouses and 55 S&R New York Style QSRs.<\/p>\n\n\n\n

Puregold has earmarked P8.1 billion this year to support its store network expansion.<\/p>\n\n\n\n

(News excerpt from Philippine Star<\/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-328935","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\/328935","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=328935"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328935\/revisions"}],"predecessor-version":[{"id":328937,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328935\/revisions\/328937"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}