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Article Date: February 2023
Word Count: 330

Alpargatas Swings to Loss in Final Quarter

The bottom line swung to a BRL 20,849,000 ($3.9 mm) loss from BRL 303,057,000 in net income from continuing operations on Rothy’s acquisition costs, while the top line was up 3% to BRL 1,103,382,000 ($209.9 mm) from BRL 1,068,986,000 at the Brazilian footwear company. Sales for the Havaianas brand was up 3% (+12% CC) to BRL 1,085.8 million, increasing 2% in Brazil to BRL 896.9 million and 7% (+10% CC) for international markets to BRL 188.9 million. Domestic sales improved on prices increases and mix improvement, seeing revenue per pair up 17%. Revenue per pair was up 11% in the ... Log in to view full article.


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