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Article Date: May 2024
Word Count: 253

Alpargatas Returns to Profitability in Q1

Net income from continuing operations was back to a positive BRL 32.7 million ($6.6 mm) after last year’s BRL 169.2 million loss related to a missed payment on the 2019 sale of Argentinean sportswear brand Topper, while net sales were up 3% to BRL 931.8 million ($188.1 mm) from BRL 902.5 million. Havaianas brand sales grew 3% to BRL 921.1 million as the home market went +14% to BRL 655.8 million, offsetting a 17% contraction in international results to BRL 265.3 million. By region, North America declined 21% to BRL 35.1 ... Log in to view full article.


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