Falabella’s Second Quarter Profit Rises on Retail Unit Strength

Falabella SA’s second-quarter profit rose more than expected as retail sales across the economy in Chile remain robust, even as other indicators show more subdued expansion.

Profit was 364.3 billion pesos in the quarter, ahead of the 208.6 billion pesos average analyst estimate. Earnings before interest, taxes, depreciation and amortization increased 46% to 472.7 billion pesos, while sales at Falabella Retail leaped 14.7%.