Thule Sees Gross Margin Improving in Q3 despite Pressures
The Swedish bike and travel accessory manufacturer said in a pre-earnings report that organic growth was 3% for the first half, and EBIT margin was almost 1.5%. In Q2, all four product segments improved, but Active with Kids & Dogs excelled, delivering 9% organic growth. U.S. retailers were cautious on stock levels and actively reduced inventory, while the direct-to-consumer channel continued to do very well. Results from a promotional Labor ... Log in to view full article.
