The Most Loved Philippine Stock Right Now Is a Grocery
- Puregold Price Club expects sales to rise 8%-10% this year
- Sees robust demand, mobile shopping app boosting earnings
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Philippine grocery store operator Puregold Price Club Inc. says it may post a double-digit sales increase this year despite the impact of volcanic eruptions and the coronavirus.
Consumer demand remains “robust,” supporting the company’s outlook for 8%-10% revenue growth in 2020, President Ferdinand Vincent P. Co said in an e-mail. That combined with the introduction of a mobile app for online shopping and efforts to increase the sales ratio of in-house brands from 1% currently should help drive earnings expansion, he said.