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Article Date: May 2024
Word Count: 246

Grupo SBF Sees Big Gains from Nike DTC


Net income bounced back to BRL 37,888,000 ($7.7 mm) from BRL 1,512,000 on revenue that expanded by 2% to BRL 1,495,219,000 ($305.3 mm) over BRL 1,472,122,000 for the first quarter, after backing out inter-group eliminations. Centauro sales were up 5% to BRL 738.8 million. Brick-and-mortar grew 5% to BRL 596.3 million as lower store traffic was more than offset by conversion and ticket sizes, and digital platform revenue increased 3% to BRL 142.5 million.

 

The Fisia Nike distribution and retail segment increased 3% to BRL 877.5 million, though wholesale was down 14% ... Log in to view full article.

 


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