Falabella S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 30, 2022 at 07:58 pm EDT
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Falabella S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CLP 2,621,021.2 million compared to CLP 2,390,588.74 million a year ago. Net income was CLP 65,121.94 million compared to CLP 134,848.26 million a year ago. Basic earnings per share from continuing operations was CLP 20. Diluted earnings per share from continuing operations was CLP 20.
For the six months, sales was CLP 5,163,958.1 million compared to CLP 4,608,667.2 million a year ago. Net income was CLP 137,655.47 million compared to CLP 272,174.71 million a year ago. Basic earnings per share from continuing operations was CLP 50 compared to CLP 110 a year ago. Diluted earnings per share from continuing operations was CLP 50 compared to CLP 110 a year ago.
Falabella SA, formerly SACI Falabella, is a Chile-based company managing an online and offline retail platform. It operates seven business segments: Department Stores, Home Improvement, Supermarkets, Promotora CMR, Real Estate, Banking Business and Other Businesses. Department Stores sales, under the Falabella brand, a range of products, including retail sales of clothing, accessories and products for the home, electronics, beauty products and others. Home Improvement sales, under the Sodimac brand, building and home improvement products, including building materials, hardware, tools, and accessories for kitchen, bathroom, garden and decoration, among others. Supermarkets manages hypermarkets and supermarkets under the Tottus brand. Promotora CMR provides the CMR credit card. Real Estate operates constructing and leasing malls. Banking Business covers all banking activities. Other Businesses includes all the other activities. The Company operates in Latin America.
FALABELLA S.A. 
