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Article Date: March 2024
Word Count: 369

Grupo SBF Growth Powered by Nike

Net income in the fourth quarter declined 10% to BRL 127,181,000 ($25.7 mm) from BRL 140,666,000 on revenue that was up 7% to BRL 2,130,141,000 ($430.1 million) from BRL 1,983,093,000. The bottom line saw efforts to shore up margins more than offset by a 105% jump in financial expense to BRL 128.5 million. Centauro sales were off 7% to BRL 1,071.2 million, facing tough comps against the World Cup in the prior year. Stores were up 3% to BRL 866.5 million, constrained by higher markdowns on industry-wide high inventory levels. Excluding ... Log in to view full article.


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