Falabella’s Fashion Surge: Sales Climb 9.4% with Profit Boost Through September

Falabella maintains its growth momentum. At the end of the first nine months of the year, the Chilean department store giant continued its recovery, once again posting a 9.4% increase in sales, in line with the rise recorded in the first half of the year. Falabella’s revenues soared during the period to more than $550 million.

In the group’s businesses as a whole, which include several retail lines but also financial services, the company accumulated revenues of 9.43 trillion Chilean pesos ($10 billion). The gross operating profit (ebitda) reached 1.35 trillion Chilean pesos ($1.43 billion), with a margin on revenues of 14%, compared to 11% a year ago.

The best performance of Falabella’s business in the first three quarters, however, was in terms of net profit. The giant’s earnings increased almost threefold during the period, from 260,885 million pesos ($278.2 million) to 717,173 million pesos ($765.3 million).

Falabella posted the strongest sales gains in the fashion business lines

“Consolidated revenues grew, driven mainly by the solid performance of our retailers, thanks to an attractive and well-executed commercial proposition,“ the company said in its results presentation. Specifically, through Falabella retail, the Chilean retail giant has accumulated sales of 2.68 trillion pesos ($2.85 billion), 14.7% more than the previous year, while Plaza S.A., which concentrates the Mallplaza shopping centers, generated sales of another 480,206 million pesos ($512 million), also 35.6% higher than in the same period a year ago.

Both business lines posted the highest sales growth, well above the 6.2% increase in sales of the Sodimac home and DIY chain and the 7.8% increase in sales of the Tottus supermarkets as a whole. Falabella’s financial services division ended the first nine months with a 5.4% increase in sales.

By country, the group’s best performance was in its local market. Specifically, group sales in Chile amounted to 5.07 trillion pesos ($5.40 billion), 10.2% more than in the first nine months of 2024. In Peru, its second largest market, sales rose by another 9.9% year-on-year to 2.75 trillion pesos ($2.93 billion), while Falabella’s turnover in Colombia rose by 0.8% to 655,059 million pesos ($698.5 million).