Alpargatas Sees Second Quarter Sales Grow 71%
The bottom line more that doubled in the second quarter to BRL 105.6 million ($19.9 mm) from BRL 44.5 million as revenues grew by 71% to BRL 1,095.30 million ($206.9 mm) from BRL 639.1 million. E-commerce sales increased 7% from last year’s lockdowns, but were up over 300% from 2019. Gross margin expanded by 30 basis points to 55.9%. SG&A deleveraged 70 b.p. ... Log in to view full article.
