Preview - Please log in to view full article.

Article Date: June 2019
Word Count: 187

Vulcabras Ramps Up for Under Armour

Vulcabras net income was down 3% to R$26.1 million ($6.8 mm) on an increase in revenues of only 3% to R$299.8 million ($77.7 mm) in the first quarter of this year. With a minimal contribution so far from the company’s new distribution contract for Under Armour in Brazil, sales of athletic footwear declined by 2%, representing 78% of the turnover. Most of the athletic footwear revenues continued to stem from the sale of Olympikus shoes, which were affected by a drop in average selling prices in Brazil and lower sales in Argentina and ... Log in to view full article.


Already a subscriber?

User Name:  


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.