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September 02, 2015 11:43 AM ET

Food and Staples Retailing

Company Overview of Puregold Price Club, Inc.

Company Overview

Puregold Price Club, Inc. engages in the retail and wholesale of consumer goods in the Philippines. It operates hypermarkets under the Puregold Price Club name primarily in commercial centers and near transportation hubs; supermarkets under the Puregold Junior located primarily in residential areas; and discounted stores under the Puregold Extra name, as well as stores under the warehouse club concept. The company also operates supermarkets under the Eunilaine Foodmart and Grocer E Supermart names, as well as San Roque Supermarkets name. It offers canned goods, housewares, toiletries, dry goods, food products, etc. The company sells its products to retail consumers; and resellers and small t...

No. 900 Romualdez Street

Paco

Manila,  1007

Philippines

Founded in 1998

Phone:

63 2 522 8801

Fax:

63 2 523 3055

Key Executives for Puregold Price Club, Inc.

Chairman, Chairman of Compensation Committee, Chairman of Executive Committee, Chairman of Remuneration Committee, Member of Nomination Committee and Member of Audit Committee
Age: 61
Total Annual Compensation: $6.0M
Executive Director, Member of Executive Committee, Member of Audit Committee, Member of Nomination Committee, Member of Compensation Committee and Member of Remuneration Committee
Age: 71
Total Annual Compensation: $2.0M
Senior Vice President
Age: 55
Total Annual Compensation: $1.2M
Vice Chairman, Treasurer, Chairman of Nomination Committee and Member of Executive Committee
Age: 57
Total Annual Compensation: $2.4M
Vice President of Administration
Age: 51
Total Annual Compensation: $780.0K
Compensation as of Fiscal Year 2014.

Puregold Price Club, Inc. Key Developments

Puregold Price Club, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Plans to Build New Branches and S&R Stores in the Year 2015

Puregold Price Club, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the six months, the company reported net sales of PHP 43,143,015,069 against PHP 38,548,886,461 a year ago. Income from operations was PHP 2,859,778,232 against PHP 2,366,143,291 a year ago. Income before income tax was PHP 2,848,272,963 against PHP 2,354,519,447 a year ago. Net income was PHP 2,006,445,687 against PHP 1,656,205,393 a year ago. Basic and diluted earnings per share were PHP 0.73 against PHP 0.60 a year ago. Net cash used in operating activities was PHP 2,667,107,619 against PHP 1,353,279,250 a year ago. Additions to property and equipment were PHP 1,043,661,847 against PHP 709,525,735 a year ago. Additions to intangibles were PHP 502,701,582 against PHP 23,502,336 a year ago. Book value per share was PHP 13.10 as on June 30, 2015. Net sales climbed 11.9% compared to last year same period, helped by wider margins as well as brisk demand. For the quarter, the company reported net sales were PHP 22,454,288,180 against PHP 20,164,356,562 a year ago. Income from operations was PHP 1,383,655,666 against PHP 1,015,462,551 a year ago. Income before income tax was PHP 1,359,452,578 against PHP 1,008,816,151 a year ago. Net income was PHP 952,249,149 against PHP 712,818,579 a year ago. Basic and diluted earnings per share were PHP 0.34 against PHP 0.26 a year ago. The company has trimmed its spending budget for the year 2015 by about a quarter to PHP 4 billion, telling investors building new Puregold branches and S&R stores will cost less than what it earlier. The company will now spend just PHP 1.2 billion for 25 new Puregold stores, more than half the PHP 2.5 billion earlier projected. The company also said it will build only one S&R store, from two before, cutting its financing plan for that to PHP 650 million from PHP 1 billion. The company wants to build 50 Lawsons stores in the year 2015, but it budgeted PHP 300 million for it, down from PHP 500 million earlier announced.

Puregold Price Club Seeks Acquisitions

Puregold Price Club, Inc. (PSE:PGOLD) is seeking acquisitions. Puregold officials said the company would continue to be on the lookout for opportunities to acquire smaller supermarkets and neighborhood groceries.

Puregold Price Club, Inc., H1 2015 Earnings Call, Aug 13, 2015

Puregold Price Club, Inc., H1 2015 Earnings Call, Aug 13, 2015

Similar Private Companies By Industry

Company Name Region
TSP Marine Industries Ltd. Asia
Puregold Junior Supermarket, Inc. Asia
Puregold Duty Free Inc. Asia
Sugarhouse Asia
Supervalue, Inc. Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 15, 2015
NE Group of Companies, NE Baler Shopping Mall
Merger/Acquisition
February 4, 2015
Nine Supermarkets in Philippines
 

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