Falabella S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 29, 2023 at 07:25 pm EDT
Share
Falabella S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CLP 2,219,917.38 million compared to CLP 2,619,187.9 million a year ago. Net income was CLP 48,829.33 million compared to CLP 98,241.5 million a year ago. Basic earnings per share from continuing operations was CLP 20 compared to CLP 39 a year ago. Diluted earnings per share from continuing operations was CLP 20 compared to CLP 39 a year ago.
For the six months, sales was CLP 4,494,643.65 million compared to CLP 5,165,334.49 million a year ago. Net loss was CLP 5,152.6 million compared to net income of CLP 178,740.14 million a year ago. Basic loss per share from continuing operations was CLP 2 compared to basic earnings per share from continuing operations of CLP 71 a year ago. Diluted loss per share from continuing operations was CLP 2 compared to diluted earnings per share from continuing operations of CLP 71 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. 
