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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.

 


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