Forus S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 24, 2023 at 03:21 pm EST
Share
Forus 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 72,807.78 million compared to CLP 68,904.57 million a year ago. Net income was CLP 4,805.88 million compared to CLP 4,475.31 million a year ago. Basic earnings per share from continuing operations was CLP 18.7 compared to CLP 17.3 a year ago.
For the nine months, sales was CLP 237,397.77 million compared to CLP 227,648.51 million a year ago. Net income was CLP 20,420.44 million compared to CLP 21,385.48 million a year ago. Basic earnings per share from continuing operations was CLP 78.9 compared to CLP 82.7 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. 
