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Article Date: August 2019
Word Count: 154

Dorel Sports Gets U.S. Boost in Q2


Dorel’s Sports segment had an operating profit of $10,095,000 in its second quarter against a loss of $3,282,000 last year, on a 7% improvement in revenues to $241,029,000 from $224,513,000 driven by a strong rebound in U.S. sales. Gross margin narrowed 60 basis points to 20.6% as China tariffs hit Pacific Cycle for an unspecified amount. Topline gains came from successful new model bicycle launches and continued strength at Cycling Sports Group and Caloi. Sales to the ... Log in to view full article.

 


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