Preview - Please log in to view full article.

Article Date: March 2021
Word Count: 261

Vulcabras Bounces Back in Final Quarter


Net income at the Brazilian footwear maker increased 21% in the final quarter to BRL 54,583,000 ($10.6 mm) from BRL 45,090,000, on 23% higher revenues of BRL 459,054,000 ($89.1 mm) up from BRL 373,865,000. Business rebounded after factories were allowed to reopen in July, and retail stores were mostly open in Q4, albeit with restrictions on traffic and hours. Athletic footwear sales grew 22% to BRL 334.1 million driven by strength in from Olympikus and Under Armour. Women’s footwear declined 7% to BRL 53.2 million and work and other footwear jumped 88% to BRL 33.0 million. Under Armour also contributed ... 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.