Net income rose nearly four fold to BRL 53,979,000 ($10.3 mm) from BRL 14,608,000 in the first quarter, as net sales jumped 53% to BRL 477,750,000 ($91.2 mm) from BRL 311,886,000 helped by the addition of Mizuno in Mar. ‘21, and solid organic growth from Under Armour and Olympikus. Athletic footwear sales increased 51% to BRL 390.5 million, women’s footwear grew 27% to BRL 11.4 million, other footwear was up 10% to BRL 27.0 million. The strongest growth came from apparel and accessories, which increased 144% to BRL 48.8 million, and now account for more than 10% of total revenues.

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