Vulcabras recorded an 11.6% increase in recurring profit in the third quarter compared to the same period last year, to a total of R$163 million, according to the results report published this Thursday.
Without adjustments, profit increased about three times compared to the previous year’s performance, driven by the recognition of more than R$366 million in deferred taxes, the company said.
Operating profit as measured by recurring Ebitda was R$211 million, up 13.8%, with an Ebitda margin of 22.1% – lower than the 23.6% of the third quarter of 2024.
Net revenue amounted to R$955.7 million, an increase of 21.8% compared to the same period in 2024, marking the 21st consecutive quarter in which the company reported sales growth, said Vulcabras, owner of the Olympikus brand.
Cost of goods sold (COGS) reached 58.6% of net sales revenue compared to 56.9% in the third quarter of 2024.
According to Vulcabras, the athletic footwear division grew 22.9%, a gain attributed to increased product availability, which, in turn, according to the company, was made possible “by recent expansions of manufacturing units, which have contributed to greater capillarity and agility in retail supply.” In e-commerce, the increase was 25.4%, accumulating R$144.8 million.
Source: Terra
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