Forus S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 20, 2020 at 09:31 am EST
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Forus S.A. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was CLP 45,830.312 million compared to CLP 57,749.579 million a year ago. Net income was CLP 1,177.871 million compared to CLP 2,911.536 million a year ago. For the nine months, sales was CLP 117,111.469 million compared to CLP 180,141.321 million a year ago. Net loss was CLP 625.435 million compared to net income of CLP 23,529.899 million a year ago.
Forus SA is a Chile-based company primarily engaged in the footwear and apparel retail. The Company focuses on the design, production and distribution of footwear, apparel and accessories for men, women and children. The Company's activities are divided into two business segments: Retail, which sells goods through retail and online stores, and Wholesale, which distributes goods through department stores, owned by Cencosud Retail SA, Falabella Retail SA and Ripley Corp SA, among others. The Company offers products under a range of brand names, including Hush Puppies, Cat, Merrell, Columbia, Mountain Hardwear, Azaleia, Sebago, Nine West, Brooks, Calpany, Skullcandy and Norseg, among others. Its distribution network includes point of sales located in Chile, Uruguay, Peru and Colombia. The Company operates through a number of subsidiaries, such as as Uruforus SA, Peru Forus SA and Forus Colombia SAS. The Company is controlled by Inversiones Costanera Ltda.
FORUS S.A. 
