Net income was BRL 91,505,000 ($17.3 mm), a return to the black for Under Armour’s Brazilian partner after last year’s loss of BRL 75,354,000, as the top line recovered 305% to BRL 399,412,000 ($75.4 mm) over BRL 98,681,000, and 22% over Q2 ’19. E-commerce sales were up 2%, lapping the prior year’s 183% surge, and made up 3.2% of revenue compared to 12.6% in Q2 ’20. Sales managed to overcome Covid-19 second wave impacts that lasted through the end of April.

Ahtletic footwear revenue was up 438% to BRL 340.1 million over the prior ... Log in to view full article.