PUREGOLD Price Club Inc. is expected to book a net income of P2.4 billion in the third quarter (Q3), mirroring its first-half performance and with top-line growth seen at 8 percent and same-store sales growth (SSSG) at 2 percent, Maybank Investment Banking Group said.
“As inflation is easing, our economic team forecasts 2024/2025 inflation of 3.2/2.8 percent,” Maybank analyst Daphne Sze said in a report, adding that “this should bode well for [Puregold’s second-half 2024] performance, where we expect SSSG [in the first nine months] hovering around its five-year average of 2 percent.”
Be the first to comment