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Article Date: October 2023
Word Count: 236

Vulcabras Sneaker Sales Grow Double Digits


Net income was up 60% to BRL 127.6 million ($25.8 mm) over BRL 79.9 million in Q3 on 10% higher revenue of BRL 731.4 million ($147.7 mm) up from BRL 663.5 million, another record quarter for the top line. The ongoing scale up in e-commerce saw strong results, with sales doubling to BRL 77.0 million and increasing 470 b.p. to 10.5% of total sales. The core athletic footwear category grew 14% to BRL 632.7 million with expansion at all three brands, with running a highlight for Olympkus, while Under Armour continued ... Log in to view full article.

 


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