World Footwear

Companies

Alpargatas continues to decline

Nov 27, 2017 / Brazil
Alpargatas continues to decline
The Brazil-based footwear manufacturer, known by its casual footwear, posted another quarter with declining net revenue across all geographies
Alpargatas has reported third quarter net revenue of roughly 294 million US dollars, decreasing from 305 million US dollars in similar period in 2016 (-3.2%).

Decline in sales was particularly accentuated in Argentina, an important market for the Brazilian group. In the third quarter a decline of 11.3% in net revenue in Argentina was registered. There was also a 1.1% decrease in sales in Brazil, Alpargatas’ domestic market. Total sales in Brazil in the third quarter reached 208 million US dollars compared to 210 million US dollars.

In the first nine months of the year, Alpargatas registered a decline of 12.4% in total net revenue, mainly driven by a poor performance in the domestic market (-12.5%) and a lost of 35 million US dollars in net revenue in Argentina (from 190 million US dolalrs to 155 million US dollars).

Alpargatas is best known for its brand of flip flops Havaianas.

Currency used by Alpargatas when posting its results is the Brazilian Real. An average exchange rate of 1 Brazilian Real = 0.31 US dollars has been applied.


Related Events

  • Mar
    6
    Mar 6-Mar 8, 2018 | Novo Hamburgo, Brazil

    FIMEC

  • May
    21
    May 21-May 23, 2018 | Gramado, Brazil

    SICC- Salão Internacional do Couro e do Calçado

  • Jul
    17
    Jul 17-Jul 18, 2018 | São Paulo, Brazil

    Inspiramais

Related Organizations

  • National Footwear Museum

    National Footwear Museum

    Brazil
  • Brazilian Association of the Machinery and Equipment for the Footwear and Leather Industries

    Brazilian Association of the Machinery and Equipment for the Footwear and Leather Industries

    Brazil
  • CICB - Centre for the Brazilian Tanning Industry

    CICB - Centre for the Brazilian Tanning Industry

    Brazil
  • ABLAC -  Brazilian Association of Artifacts and Footwear Retailers

    ABLAC - Brazilian Association of Artifacts and Footwear Retailers

    Brazil