The Brazilian parent company of Havaianas and Osklen overall sales declined by 20% to R$680.5 million ($128.6 mm), but a judgment against the Brazilian tax department sent net income up 43% to R$44.5 million ($8.4 mm). Gross margin expanded by 210 basis points to 53.0%. Even though sales went down by 35% in Brazil, the company’s Sandals International business jumped by 12% to R$ 316.0 million. International ... Log in to view full article.