Falabella soars its profits in the third quarter
What: Reached profits of USD 226 million, a notable acceleration compared to the USD 5.4 million in profits recorded in the same 2020 period.
Why it is important: Falabella sees an acceleration of profits in Q3 as business recovers.
From the period of July through September, Falabella’s consolidated revenues closed at USD 3,572 million which represents an increase of 16.7% compared to the 3rd quarter of the previous year.
Gross profit also ended the period with double-digit increases of 38.2% compared to the same period of 2020 and reaching USD 1,266 million.
Consolidated gross operating profit (Ebitda) reached a total of USD 480 million between July 1 and September 30, rising to 117.5% compared to the same period in 2020.
Going forward, the retailer is focused on building its physical-digital ecosystem.