The Brazilian footwear group Alpargatas recorded an 11.1% increase in consolidated net revenue, to 1.24 billion Brazilian reais (around 210 million euros), in the third quarter of 2026. Net profit for the period rose 2.4% year on year, to 175.5 million reais, taking nine-month net profit to 508 million reais, a 37% jump compared with the previous financial year.
The group posted adjusted EBITDA of 283.5 million reais, up 10.9% compared with the third quarter of 2025, with a margin of 22.9%. Total sales volume reached 60.8 million pairs of shoes, up 7.6% year on year.
L'international emerges from the red
For the first time in four years, the international division returned to positive EBITDA in the third quarter, reaching 16.6 million reais with a margin of 7.1%. In Europe, volumes rose 12.8% to 1.8 million pairs, and net revenue there grew 13.9% to 125.8 million reais. In the États-Unis, volumes jumped 82% to 1 million pairs following the transition to a distributor-based business model, but net revenue there fell 29.6% to 33.4 million reais, owing to mechanically lower wholesale revenue recognition linked to commercial intermediation. Markets operated through distributors in Asie-Pacifique, Amérique Latina, Moyen-Orient and Afrique grew 2.5% in volume, to 2.9 million pairs. Overall, Havaianas' international operations generated net revenue of 235.6 million reais, up 2.3% year on year.
Brazil still the driving force
In its domestic market, Havaianas generated net revenue of 989.7 million reais, up 13.5% year on year. The brand gained 2.7 percentage points of market share in food retail, which now peaks at 79.9%. Its domestic EBITDA margin nonetheless weakened, hurt by planned marketing investments, higher freight and distribution costs, and the reinstatement of payroll social charges.
Havaianas rolled out its « Exuberance Full of Brazil » line as well as a football-inspired collaboration with KidSuper, and presented its « Kitten Heel » sandal at the European Fashion Weeks in order to diversify the occasions for wearing its models internationally.
Rothy's, a growing minority stake
The American eco-responsible footwear label Rothy's, in which Alpargatas holds a 48.8% stake, posted net revenue of 50.9 million dollars, up 12.3% year on year, driven by the development of the wholesale channel and the opening of new stores. Its results were weighed down by higher ocean freight rates, customs surcharges, marketing campaigns dedicated to the autumn collection and store openings, which now bring its physical network to 40 points of sale.
