Net income expanded 64% in the first quarter to BRL 14,602,000 ($2.7 mm) from BRL 8,914,000 at Under Armour and Mizuno’s Brazilian distributor and licensee, as revenues increased 31% to BRL 311,886,000 ($57.0 mm) against BRL 238,636,000. Athletic footwear, which represents 83% of sales, was up 45%. The results came despite a Covid flareup at the end of Mar., which forced stores closed and shut down distribution. UA and the owned Olympikus brand drove the sales gains, as Mizuno production got ... Log in to view full article.