What: Ripley's second-quarter 2026 profit rose 59.8% to 25.149 billion Chilean pesos (23.9 million euros), driven by a 13.5% increase in retail sales in Peru even as Chilean sales fell 3.9%.

Why it is important: Ripley's results confirm that Peru has become the group's primary growth engine, a shift already visible in its August 2026 credit-rating upgrade and record 2025 performance, while Chile continues to lag.

Chilean department store group Ripley rebounded in the second quarter of 2026, posting a 59.8% increase in profit to 25.149 billion Chilean pesos (23.9 million euros), driven by its retail business in Peru, which grew 13.5% in the quarter and 15% in the first half of the year.

Revenue reached 564.138 billion Chilean pesos (522.6 million euros), up 5.8% year-on-year, with the company crediting Peru, Banco Ripley and Mall Aventura for offsetting a still-demanding comparison base in Chilean retail linked to last year's extraordinary tourist inflows.

In Chile, its home market, Ripley recorded sales of 237.823 billion Chilean pesos (220.3 million euros) in the quarter, down 3.9%, and a 6.5% decline over the first half. Peru continued its upward trend, with sales reaching 163.751 billion Chilean pesos (151.7 million euros) in the quarter and 301.994 billion Chilean pesos (279.7 million euros) in the first half.

Operating profit (EBIT) fell 13.3% to 25.292 billion Chilean pesos (23.4 million euros), and EBITDA dropped 10.4% to 43.870 billion Chilean pesos (40.6 million euros). Founded in 1956, Ripley is one of Chile's largest department store groups, controlled by the Calderón Volochinsky family.

IADS Notes: Ripley's second-quarter 2026 rebound extends a pattern already visible across the group's recent results, in which growth in Peru has consistently offset softness in the Chilean home market. The improved credit rating the company received shortly before reflected the same diversified structure now underpinning this result, with net financial debt to EBITDA falling from 5.4 times to 2.6 times as real estate — Mall Aventura's 88.8% EBITDA margin in Peru among the strongest contributors — and resumed Banco Ripley dividends strengthened cash flow (Perú Retail, August 2026). The tourism-linked comparison base cited for Chile's decline echoes Ripley's first-quarter 2026 results, when a 36% profit drop was attributed to a 9.3% fall in Chilean retail sales amid a weaker tourist season, even as Peru's retail revenue rose 16.8% and banking cushioned the impact (Modaes, June 2026). The current quarter also builds on Ripley's record 2025 performance, when full-year profit rose 120% on gains spanning retail, banking and real estate, with Peru's retail surge and Mall Aventura's high occupancy central to that growth (Perú Retail, March 2026). Regionally, the result sits within a broader recovery for Latin America's top five department store groups, whose combined profits rose nearly 48% in 2025, led by Falabella and Ripley, which tripled and doubled net income respectively, while Mexican peers posted more modest gains (Modaes, March 2026).

Ripley's profits rise 59% in the second quarter thanks to the boost from retail in Peru