07-08-2025
Cencosud Profit Declines on Weaker Consumption, Competition
Cencosud, one of Latin America's largest retailers, reported a decline in quarterly earnings as weak consumption and promotions in the region offset the company's recent strategic moves to boost profitability.
The multi—brand retailer reported a profit of 86.5 billion Chilean pesos ($89 million) for the second quarter, compared with a profit of 90.8 billion a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization fell 5.5% to 365.8 billion pesos.
