Preview - Please log in to view full article.

Article Date: June 2019
Word Count: 383

Alpargatas Sales Gain in Q1


Alpargatas net income declined by 62% to 43.5 million Brazilian reals ($10.6 mm) on a 9% increase in sales to R$940 million ($229.9 mm) for the first quarter of 2019, including a 7% top line improvement in Brazil and 16% growth in other countries with help from the weakening currency. Pairs increased by only 3% and 2%, respectively. Havaianas sales jumped 16% driven by the EMEA and Asia-Pacific regions and a 14% comp gain at its Brazilian retail operation; sandals represented 70% of total revenues. Gross margin increased by 10 basis points to 45.4% and the adjusted EBITDA margin grew ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.