Alpargatas struggled outside of Brazil in first qu - footwearbiz: Lead

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Alpargatas struggled outside of Brazil in first quarter

16/05/2018
Casual footwear manufacturer Alpargatas has reported an 11.7% increase in revenue during the first quarter of 2018. The company’s sales for the period totalled 902.1 million reais ($247 million).

This increase was driven by strong performance in Brazil, its domestic market, where sales jumped 22.9% to R$572.9 million ($156.8 million).

In Argentina, where Alpargatas was founded, the company saw its revenue fall 2.6% to R$150.1 million ($41 million). 

This report comes just over a week since it was revealed by local media that Alpargatas Argentina was expecting to implement more temporary shutdowns at its factories in the country. They will take place at its facilities in Corrientes and in Tucumán and will affect more than 1,800 employees. 

During the first quarter of 2018, Alpargatas’ international sales (those outside of Argentina and Brazil) fell 4.4% to R$179.1 million ($49 million).

Related stories:

Change of leadership for Alpargatas 07/11/2018
Strong first-half performance for Alpargatas 22/08/2018
Alpargatas struggled in 2017 21/02/2018
Decline of Alpargatas continues in third quarter 17/11/2017
Alpargatas sees opportunity for Havaianas in Argentina 18/10/2017
Alpargatas sale may be affected by JBS plea-bargain uncertainty 26/09/2017
Alpargatas struggles in Q2 as sale is approved 09/08/2017
J&F to sell Alpargatas for $1.1 billion 17/07/2017
Alpargatas deal off after price dispute 12/07/2017
Alpargatas on verge of second sale in 18 months 29/06/2017
Alpargatas sees increase in profit despite sales dip 10/05/2017

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