Financial

Grupo SBF generates 88 percent sales increase in Nike business

By Bob McGee 2022-05-12T06:38:00

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Grupo SBF, the parent of Brazil’s top retail sporting goods chain in Centauro and a distributor of Nike in the South American market since December, reported a 401 percent increase in first-quarter adjusted Ebitda to 185,390,000 Brazilian reais (€31.5m) for the period ended March 31. Operating income came in at ...

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