Puregold Price Club, Inc. Provides Earnings Guidance for the Year 2016
December 14, 2015 at 01:35 pm
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Puregold Price Club, Inc. provided earnings guidance for the year 2016. For the year, the company is hiking its capital expenditure budget amid plans to expand organically, with the Lucio L. Co-owned supermarket operator seeing a slight slowdown in sales and profit growth in 2016. The company is spending PHP 2.36 billion in 2016, higher than the estimated investment of PHP billion for 2015.
Sales and earnings are expected to grow in the low-teens level slower than 2015's goal of low-mid teens due to high base effect.
Puregold Price Club, Inc. is engaged in the business of trading goods, such as consumer products (canned goods, housewares, toiletries, dry goods, food products, pharmaceutical and medical goods and others) on a wholesale and retail basis. The Company operates in the retailing business segment. Its stores are divided into four store models: Hypermarket, Supermarket, Extras and Minimart. It has over 525 retail stores, consisting of 452 Puregold Stores, 22 S&R Membership Shopping Warehouses and 51 S&R New York Style Pizza (QSRs). Hypermarkets offer food and non-food products to retail customers and small business owners (stores include mini-marts, cafeterias, restaurants, bakeries, pharmacies). The Supermarket is primarily located in residential areas and offers a higher proportion of food to non-food products. It maintains two online platforms called, Sally and Rappit and is affiliated with other online delivery platforms, such as Pick-a-roo, Metromart, Lazada, and Shopee.