Dorel Sports Sales Rebound, but Tariffs Hit Margins
Operating income at Dorel’s Sports segment was off 15% to $5,957,000 against $6,993,000 despite 14% higher sales of $250,277,000 up from $219,120,000 driven by strong sales from Cycling Sports Group, even in the mass channel which has struggled in recent quarters. In-line, full margin sales and solid retail POS levels continued to improve. In the U.S., sales grew 7% to $152.5 million driven by improving IBD sales as well as the mass channel. Europe was ... Log in to view full article.