• Vulcabras published an English transcript of its 2Q26 earnings videoconference attended by CEO Pedro Bartelle and CFO/IR officer Wagner Dantas.
• 2Q26 net revenue rose 11.2% to R$ 994.8 million on 3.7% billed-volume growth to 8,800,000 pairs/items; gross margin slipped 0.4 pp to 40.4%.
• Recurring EBITDA increased 9.3% to R$ 208.6 million; recurring net income was R$ 143.7 million, roughly flat year over year.
• Management cited renewed absenteeism deterioration from mid-May into June, raising inefficiencies and costs; July showed improvement following mitigation actions.
• Selective price increases were implemented for 2H collections to offset petroleum-linked inputs; Corre 5 price held at R$ 599.
• Net debt fell to R$ 576.6 million from R$ 769.4 million at the start of 2026; priority remains further deleveraging toward near-zero net debt.
• New share buyback program framed as opportunistic; shareholder returns expected to rise once leverage declines, with a minimum 25% payout maintained.
• Direct-to-consumer expansion targets at least 20 stores by year-end from 17; first Under Armour concept store opened at Shopping Villa Lobos.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vulcabras SA published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein.