C06908-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 16, 2017
2. SEC Identification Number
A199813754
3. BIR Tax Identification No.
201-277-095
4. Exact name of issuer as specified in its charter
Puregold Price Club, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 900 Romualdez St., Paco, Manila Postal Code 1007
8. Issuer's telephone number, including area code
(632) 522-8801 to 04
9. Former name or former address, if changed since last report
None
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 2,765,381,406
11. Indicate the item numbers reported herein
Other Matters

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Puregold Price Club, Inc.PGOLD

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Puregold net income hits P 3.9 billion in 9M 2017 up 7%

Background/Description of the Disclosure

Puregold net income hits P 3.9 billion in 9M 2017 up 7%

Manila, Philippines – Puregold Price Club, Inc. (PGOLD) has reported a consolidated net income of Php 3.9 billion in the first nine months of 2017 which represents a 7% growth compared to Php 3.64 billion in the same period in 2016. Consolidated Net margins for the period is at 4.5%.

“Our retail businesses continue to deliver steady growth and we remain optimistic that the positive momentum will be sustained for the remaining months of 2017. We also registered better than expected same store sales growth (SSSG) of 4.5% for Puregold stores and 10.7% for S&R stores in the first nine months of 2017 which were driven by the strong consumer demand and the sustained economic growth of the country.” said Puregold President, Mr. Vincent Co.

Puregold consolidated net sales increased by 11.2% to Php 87.6 billion in the first nine months of 2017 due to the continued strong consumer demand from its existing Puregold, S&R Membership warehouse clubs and S&R New York Style Pizza stores. Income from Operations grew to Php 5.65 billion in the first nine months of 2017, up by 7.4% compared to Php 5.26 billion during the same period last year.

As of end September 2017, Puregold group has a total of 352 stores nationwide. These include 291 Puregold stores, 13 S&R membership shopping warehouse, and 31 S&R New York Style QSR, 9 NE Bodega Supermarkets and 8 Budgetlane Supermarkets.
We reiterate our commitment to open 25 new Puregold stores and 2 new S&R warehouse by end 2017. Furthermore, S&R is currently developing 2 new S&R warehouse for opening in 2018.

Other Relevant Information

None

Filed on behalf by:
Name Candy Dacanay-Datuon
Designation Corporate Secretary