Grupo Falabella Reports Strong Third-Quarter Earnings Growth

SANTIAGO, CHILE, November 11, 2026 /CourierPR/ -- Grupo Falabella reported a strong performance in the third quarter of 2026, with its net income rising 18% to US$196 million. This growth is part of a broader financial improvement, as the company’s cumulative net income for the first nine months of the year reached US$667 million, up 18% from the same period in 2025.

The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a significant increase, reaching US$478 million, up 12% year over year. The EBITDA margin improved to 13.6%, reflecting a 0.4 percentage point increase from the previous year.

Consolidated revenue for the quarter was US$3,521 million, marking a 10% year-over-year growth. Alejandro González Dale, CEO of Grupo Falabella, attributed this performance to the company’s consistent growth strategy and the solid progress of its physical-digital ecosystem. The company has reached 39 million customers at the end of the third quarter, with an average of 58 interactions per customer with Falabella’s various businesses. Nearly 50% of these customers engage with two or more of the company’s businesses, indicating a high level of customer engagement and loyalty.

In the retail sector, all three retailers, Falabella Retail, Tottus, and Sodimac, showed positive performance. Falabella Retail’s revenue grew 9.3%, driven by its omnichannel multi-specialist proposition, the strengthening of its private-label and exclusive brands, and the momentum of its digital channel, where gross merchandise value (GMV) increased by 17%. Tottus reported a 9.2% increase in revenue, fueled by its focus on quality and affordable prices, growth in perishable categories, and a larger share of the online channel. Sodimac’s revenue increased by 4.5%, with a 14.3% growth when including its operations in Colombia and Mexico, which are not consolidated in the Group’s financial statements. The company’s digital channel played a significant role, with GMV up 17%.

Banco Falabella, the company’s banking arm, also saw strong performance. The loan portfolio grew 17% year over year, and purchases made with its payment methods reached US$7,500 million, up 14.2% from the previous year. During the quarter, the bank reached 8.8 million active customers across the region, a 6.5% increase from the same period in 2025. The bank opened 901,000 new accounts and credit cards, a 14% increase from the previous year.

E-commerce continued to be a key growth driver for the group, with digital GMV up 16% year over year. This growth was supported by a 29% increase in sales by third-party merchants. The company is also expanding its digital capabilities, including the development of new commercial capabilities such as Retail Media, which is enhancing the customers’ omnichannel experience.

Mallplaza maintained solid operating performance, with EBITDA growing 8.7% and a record EBITDA margin of 83%. The company’s financial strength was recognized when Fitch Ratings upgraded its international credit rating to BBB and its local rating to AA, both with a stable outlook.

Grupo Falabella is also focused on expanding its business ecosystem. The company reached an important agreement with Mallplaza, consolidating it as the Group’s sole shopping center operator and developer. Mallplaza also completed the acquisition of eight shopping centers in Colombia for approximately US$353 million, which will allow it to expand into five new cities, increase its gross leasable area (GLA) to 460,000 square meters, and operate a total of 13 shopping centers in the country, becoming the market leader by EBITDA.

In summary, Grupo Falabella’s third-quarter results reflect the company’s strategic focus on strengthening its value proposition for customers and enhancing its technology, digital, and logistics capabilities.