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Article Date: May 2024
Word Count: 190

Vulcabras Gains in Q1 from Athletic Growth

Net income gained 6% to BRL 88,762,000 ($17.9 mm) from BRL 83,630,000 in the first quarter as revenue increased 5% to BRL 597,267,000 ($120.6 mm) from BRL 571,118,000. Athletic footwear sales were up 7% to BRL 495.4 million with growth across Olympikus, Mizuno and Under Armour, pushing volume up 5% to 4.2 million pairs. Olympikus’ new Corre Supra sold out in its launch week. Other footwear sales were down 7% to BRL 39.7 million, while apparel and accessories sales were also down 7% to BRL 62.2 ... Log in to view full article.


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