Falabella S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024
Share
Falabella S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was CLP 2,654,035 million compared to CLP 2,806,892 million a year ago. Revenue was CLP 3,121,562 million compared to CLP 3,304,602 million a year ago. Net income was CLP 70,433 million compared to CLP 7,623 million a year ago.
For the full year, the company reported sales was CLP 18,710,229.31 million compared to CLP 20,928,770.59 million a year ago. Net income was CLP 121,281.58 million compared to CLP 338,839.39 million a year ago. Basic earnings per share from continuing operations was CLP 24 compared to CLP 68 a year ago. Diluted earnings per share from continuing operations was CLP 24 compared to CLP 68 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. 
