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Article Date: March 2023
Word Count: 383

Vulcabras Gains Driven by Mizuno, Under Armour


Net income was up 164% to BRL 214,300,000 ($40.8 mm) over BRL 81,220,000 on revenue that increased 19% to a quarterly BRL 738,843,000 ($140.6 mm) from BRL 620,005,000. Domestic sales improved 18% to BRL 689.5 million powered by athletic footwear, led by Mizuno. Foreign sales gained 44% to BRL 49.3 million, getting a boost from strong Olympikus and Under Armor sales in sports footwear. Athletic footwear sales were up 23% to BRL 622.3 million as pairs sold went +4% to 5,568,000, with Mizuno and Under Armour registering volume growth and Olympikus ... Log in to view full article.

 


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