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Article Date: August 2022
Word Count: 232

Grupo SBF Sees Solid Q2 Growth from Nike, Retail


Consolidated profit rose 32% to BRL 31,673,000 ($6.0 mm) in the second quarter from BRL 24,078,000, on revenues that increased 30% to BRL 1,463,007,000 ($279.1 mm) after excluding inter-group eliminations and returns, compared to BRL 1,122,846,000. A 39% increase in SG&A deleveraged 190 b.p. as a percent of sales. Centauro retail sales increased 25% to BRL 969.3 million, including a +23.6% comp that was +22.0% in stores and +26.7% for e-commerce, with 17 stores added to the fleet for 231 at period end. Digital platform sales were up 17% to BRL ... Log in to view full article.

 


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