Alpargatas Grows Double Digits on Home Market Strength
Net income ticked up 2% to BRL 175.5 million ($33.3 mm) from BRL 171.3 million for the third quarter, on an 11% net sales gain to BRL 1,239.7 million ($235.5 mm) from BRL 1,115.8 million. Havaianas brand sales were up 11% to BRL 1,225.3 million, led by domestic sales growth of 14% to BRL 989.7 million. The home market was boosted in part by a 6% gain in ASP to BRL 17.90 on improved product mix as domestic volume increased 7% to 55.2 million pairs.
International sales increased 2% to BRL 235.6 ... Log in to view full article.