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.

Net income at the Brazilian footwear maker increased 21% in the final quarter to BRL 54,583,000 ($10.6 mm) from BRL 45,090,000, on 23% higher revenues of BRL 459,054,000 ($89.1 mm) up from BRL 373,865,000.