Falabella (FALABELLA) Q4 2024 earnings summary

Executive summary

• Achieved sustained growth and improved profitability across five business units in 2024, with EBITDA reaching $1.5 billion and net income at $483 million.

• Consolidated revenues for 4Q24 reached $3,555 million, up 13.5% year-over-year, with strong growth in retail and improved margins across all business units.

• EBITDA for 4Q24 rose 71% year-over-year to $501 million (14.1% margin), and net income increased 212% to $221 million.

• All five business engines—retail, home improvement, supermarkets, malls, and financial services—showed sales and margin improvements, with omnichannel strategies driving customer engagement.

• The company ended 2024 with a robust financial position, reducing net financial debt/EBITDA (non-banking) to 2.6x from 8.6x in 2Q23.

Financial highlights

• Total revenue for 4Q24 was $3.56 billion, up 13% year-over-year; gross profit rose 26% to $1.34 billion.

• EBITDA for 4Q24: $501 million (+71% year-over-year, 14.1% margin); full year: $1,452 million (+95.9% year-over-year, 11.9% margin).

• Net income for 4Q24: $221 million (+212% year-over-year); full year: $481 million (+693% year-over-year).

• Online GMV for 4Q24: $798 million (+7% year-over-year); full year: $2,569 million (+8% year-over-year), with 23% online penetration.

• Physical store sales rose 10% year-over-year to $2.71 billion.

Outlook and guidance

• 2025 investment plan of $650 million (+28% year-over-year), focusing on omnichannel experience, retail expansion, technology, and logistics.

• Selective store openings and digital banking expansion in Mexico (SOFIPO transformation) to broaden product offerings.

• Continued focus on operational efficiency, margin improvement, and sustainable value creation for customers and shareholders.

• Focus for 2025 is on profitable growth and elevating the omnichannel experience.