Alpargatas Returns to Profitability in Q3
The company recorded BRL 57.3 million ($10.3 mm) in profits for the third quarter after last year’s BRL 8.5 million loss as net sales increased 16% to BRL 1,037.6 million ($186.8 mm) over BRL 896.2 million. Havaianas sales were up 16% to BRL 1,026.8 million as the home market grew 15% to BRL 815.6 million and international sales hit BRL 211.2 million, up 19%. Domestic revenue benefited from a 13% boost to volume—partially on a pull forward out of Q4—and a 2% increase to ASP. International saw North America grow 32% ... Log in to view full article.