Falabella S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 06:27 pm EST
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Falabella S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CLP 2,206,436.62 million compared to CLP 2,492,158.74 million a year ago. Net loss was CLP 4,641.73 million compared to CLP 16,944.55 million a year ago. Basic loss per share from continuing operations was CLP 2 compared to CLP 7 a year ago. Diluted loss per share from continuing operations was CLP 2 compared to CLP 7 a year ago.
For the nine months, sales was CLP 6,701,080.26 million compared to CLP 7,657,493.23 million a year ago. Net loss was CLP 9,794.32 million compared to net income of CLP 161,795.58 million a year ago. Basic loss per share from continuing operations was CLP 4 compared to basic earnings per share from continuing operations of CLP 64 a year ago. Diluted loss per share from continuing operations was CLP 4 compared to diluted earnings per share from continuing operations of CLP 64 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. 
