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Article Date: March 2020
Word Count: 211

Alpargatas’ Growth Softened In Q4

Adjusted net income increased 24% to R$197 million ($38.4 mm) in the fourth quarter, but was up just 14% to R$135 million including discontinued operations, while revenues grew 6% to R$1,142.7 million ($222.8 mm) for the period. Sales increased 7% in Brazil, driven by a better price and channel mix, but the company’s Sandals International business declined 2% to R$133.9 million, mainly due to a revision of the distribution structure in Asia-Pacific.


Alpargatas launched a new retail format in Brazil during the quarter, called Store Lab, for its own Havaianas and Osklen brands and for the licensed Mizuno brand, featuring internet ... Log in to view full article.


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