The Brazilian group Alpargatas posted Ebit of 64.0 million Brazilian reais (€9.9m) and reported net income of R$57.3 million (€8.8m) against a loss of R$8.5 million for the period ended Sep. 30. Gross margin widened by 710 basis points year-over-year to 47.7 percent as total sales increased by nearly 16 percent to R$1,037.6 million (€160.1m).
In Brazil, the company’s Havaianas business showed a robust recovery with a 13 percent increase in pairs sold, a 2.1 percent increase in average price per pair, and a 15 percent improvement in year-over-year sales to R$815.6 million (€125.9m). Elsewhere, the brand’s sales grew by 19 percent in the EMEA to R$120.6 million (€18.6m) and by 51 percent in the North/Central America region to R$42.1 million (€6.5m).
EMEA volume hit 2.3 million pairs sold to match their Q3/21 level. In the US. Havaianas pairs sold increased by nearly 35 percent year-over-year, but the volume was unable to absorb the region’s expense base. Consolidated international gross margin expanded by 80 basis points to 60.3 percent.
Within the Rothy’s segment, the Q3 net loss improved to R$1.7 million against a year-ago loss of R$6.8 million as gross margin improved by 80 basis points to 63.4 percent. The segment’s Ebit loss was R$2.6 million versus a loss of R$8.2 million. Total period sales rose by 29 percent to R$39.3 million (€6.1m) from R$30.4 million as same-store sales grew by 23 percent. Rothy’s ended the period with 24 stores, up eight doors year-over-year.
