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Article Date: May 2022
Word Count: 208

Grupo SBF Sees Big Gains from Retail, Nike

Consolidated net income was BRL 17,278,000 ($3.3 mm) in the first quarter, against a loss of BRL 36,164,000 last year, as revenues increased 59% to BRL 1,633,108,000 ($311.6 mm) after excluding inter-group eliminations and returns, up from BRL 1,026,470,000. SG&A was up 38% but still leveraged 640 basis points on the higher top line. Sales at Centauro grew 40% to BRL 844.5 million, including a 37.5% comp sales increase that reflected a +37.9% store comp and 20 new stores bringing the total fleet to 230. Digital sales were up 27% to BRL 229.5 million, and omni-channel was 36% higher at ... Log in to view full article.


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