Almacenes Éxito S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 01:04 am EST
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Almacenes Éxito 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 COP 4,912,100 million compared to COP 4,901,047 million a year ago. Revenue was COP 5,131,477 million compared to COP 5,103,845 million a year ago. Net loss was COP 31,685 million compared to net income of COP 49,937 million a year ago. Diluted loss per share was COP 24.4 compared to COP 38.5 a year ago.
For the nine months, sales was COP 15,050,693 million compared to COP 13,806,433 million a year ago. Revenue was COP 15,706,751 million compared to COP 14,423,027 million a year ago. Net income was COP 7,249 million compared to COP 176,740 million a year ago. Diluted loss per share was COP 5.6 compared to COP 136.2 a year ago.
Almacenes Exito SA is a Colombia-based entity group, known as Exito, in the business of merchandise, wholesale and retail. The Groupâs main activities include distribution and sales any kind of national and foreign products, in retail outlets and online shopping, throughout multiple brands across Uruguay and Argentina such as: Exito, Carulla, Super Inter, Surtimax, Surtimayorista, Viva, Grupo Disco and Grupo Devoto. Additionally, Exito manages commercial premises for lease, within its commercial establishmentsâ purposes. Its complimentary services include: retail of fuel used in all classes of industrial sectors, establishing, financing or promoting group businesses and short-term investments in liquid assets, factoring and acquisitions.
ALMACENES ÉXITO S.A. 
