Vulcabras Sales Gain in Q2 as Under Armour Distribution Begins
After a weak first quarter, Vulcabras enjoyed a 17% increase in total revenues to R$327.0 million ($78.7 mm) in the second one, with gains of 12% in athletic footwear to R$239.4 million and 14% percent in women’s shoes to R$47.0 million. Net income declined by 9% percent to R$30.0 million ($7.2 mm). Sales of apparel and accessories more than quadrupled to R$66.2 million, and the additional revenues came from the company’s ... Log in to view full article.