The earnings of Puregold Price Club, Inc. managed to climb by a tenth due to robust consumer spending. Same-store sales growth accelerated to its fastest pace in the last four years. The retailer revealed to the stock exchange that its consolidated net income reached P5 billion in 2015.
The company’s revenue saw a 10.6% uptick compared to 2014’s P4.52. The company reiterated that P2.6 billion will be earmarked for capital expenditures, compromising of P1 billion for at least 25 new stores, and another P1 billion for two S&R stores. Puregold shares climbed P1.60 to close at P41 each.
