Net income dipped 24% to BRL 80,133,000 ($15.2 mm) from BRL 106,065,000 in the first quarter as revenue grew 11% to BRL 776,382,000 ($147.5 mm) over BRL 701,194,000 on growth across brands in an increasingly promotional environment. The bottom line was hit by an 86% jump in financial expense to BRL 50.1 million. Improving distribution and marketing pushed domestic sales up 13% to BRL 755.6 million, while the smaller foreign market was off 30% to BRL 20.8 million, due to ongoing Argentina headwinds. E-commerce grew 5% to BRL 124.4 million, as ... Log in to view full article.