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Article Date: May 2023
Word Count: 188

Vulcabras Gains Driven by Mizuno and Under Armour


Net income was up 55% to BRL 83,630,000 ($16.1 mm) in the first quarter from BRL 53,981,000 as revenue increased 20% to BRL 571,118,000 ($110.0 mm) from BRL 477,750,000. Athletic footwear gained 18% to BRL 461.2 million with growth across brands, led by Mizuno and Under Armour sneakers. Other footwear was up 11% to BRL 42.7 million, while apparel and accessories increased 38% to BRL 67.2 million. E-commerce sales more than doubled to BRL 50.7 million, accounting for 8.9% of total sales. The home market ... Log in to view full article.

 


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