Alpargatas SA, parent company of the flip-flop brand Havaianas, published its financial results for the second quarter ended June 30, 2026. Consolidated net sales reportedly reached 1.23 billion Brazilian reals (0.24 billion dollars), a rise of 11.3% compared with the 1.10 billion Brazilian reals recorded in the second quarter of 2025, according to the figures released. Total volumes reportedly grew by 9%, with 53.30 million pairs of shoes sold worldwide.
L'EBITDA adjusted reportedly jumped 48.5% year on year, to 286 million Brazilian reals, with the adjusted EBITDA margin widening by 5.80 percentage points to reach 23.3%, which would represent the best second-quarter operating performance in the company's history. Net profit for the quarter reportedly jumped 95.1% year on year, to 169.70 million Brazilian reals, compared with 87 million a year earlier.
Brésil, the growth engine
In its home market, Havaianas reportedly recorded a 16.7% year-on-year rise in net sales, to 809.20 million Brazilian reals, with volumes up 8.6% to 45.60 million pairs. Retail sales performance reportedly rose 13%, while the gross margin of the Brésil division reportedly reached a second-quarter record of 47.9%, up 2.20 percentage points. EBITDA at Havaianas Brésil reportedly rose 19.9%, to 165.70 million Brazilian reals, for a margin of 20.5%.
Alpargatas reportedly raised its marketing investment in Brésil to around 10% of its domestic net sales, in connection with global promotional activations around the 2026 Coupe du monde de football.
Europe leading the way, États-Unis in transition
Internationally, Havaianas net sales reportedly rose 2.3% year on year, to 405.80 million Brazilian reals, with volumes up 11.9% to 7.70 million pairs. L'Europe, during the peak summer period, reportedly saw volumes jump 20.9% to 4.40 million pairs and net sales rise 20.6% to 308.50 million Brazilian reals.
Conversely, volumes in États-Unis reportedly fell 30%, to 0.60 million pairs, due to seasonal shipment shifts linked to the transition to a new commercial model. On a cumulative basis for the first half, however, US sales volumes reportedly rose 40% year on year. Operations in distributor markets, Asie-Pacifique, Amérique latine and Moyen-Orient, reportedly grew 12.1% in volume, to 2.80 million pairs, with demand in Amérique latine and Asie offsetting geopolitical disruptions in Moyen-Orient. The consolidated gross margin of the international division reportedly widened by 3.20 percentage points, and EBITDA at Havaianas International reportedly more than doubled, up 105.2% to 117.40 million Brazilian reals, for a margin of 28.9%.
Rothy's slows, supported by a customs duty refund
In the secondary portfolio, Rothy's Inc., the American footwear brand 48.8%-owned by Alpargatas, reportedly recorded a 2.9% year-on-year decline in its own net sales, to 61.20 million dollars, amid a rationalization of online promotions. The brand's gross profit nonetheless reportedly rose 6%, to 41 million dollars, supported by a customs duty refund from the US government on goods previously imported from Chine.
The « Molho Brasileiro » campaign, featuring brand ambassador Vinícius Júnior, accompanies this phase of stepped-up investment in Brésil, ahead of the 2026 Coupe du monde de football.
