Q1 2019 Puregold Price Club Inc Earnings Call Transcript
Ladies and gentlemen, welcome to Puregold First Quarter 2019 Results Briefing. John Hao, please begin.
Hi, good afternoon, everyone. Welcome to Puregold's First Quarter 2019 Results Briefing. I have here with me Mr. Anthony Sy, the President of S&R; and [Ms. Maricel Gambed], our Senior Finance Manager.
So we have sent out the presentation pack earlier, this lunch. I hope everybody reviewed it. So we will have to go on with the presentation.
Kindly refer to Slide 6. So during the first quarter, Puregold has opened 8 stores and 1 S&R warehouse in Lipa. So currently, we're operating 417 stores with a consolidated net selling area of more than 550,000 square meters. Our consolidated net sales expanded by 12.8% in the first quarter, with 76% of the revenue coming from Puregold.
Our gross profit grew by 11.2% in the first quarter with a gross profit margin of 17.4%. Operating income increased by 9.1% with an operating margin of 7.4%, and consolidated net income grew by 11.9%
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
