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Article Date: March 2021
Word Count: 190

Dorel Sports Hurt by Supply Constraints in Q4

Revenues at the Dorel’s sports segment, which includes Cannondale, Schwinn and GT among other bike brands, grew by 14% in the final quarter to $265,338,000 from $233,179,000, but would have been up even higher if not for inventory shortages that created order backlogs stretching into 2021. Both Cycling Sports Group and Pacific Cycle posted gains, and Caloi had record high orders as Covid restrictions eased in Brazil, growing revenue double digits. Gross margin contracted 310 basis points to 20.8% due to higher shipping costs and product mix, and operating income plunged 81% to $1,882,000 from ... Log in to view full article.


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