IBD sales drive Dorel to 9% organic sales increase

By Stephen Frothingham

MONTREAL (BRAIN) — Dorel Sports third quarter revenue was flat at $266.5 million, but was up about 9 percent after removing the effect of currency exchange fluctuations — an increase that Dorel Industries credited to its IBD sales.

The company said increased demand of its 2016 model year bikes drove the increase. It also said Caloi bikes sales grew in Brazil at lower prices.

In the first three quarters of the year, Dorel Sports sales were …read more

Via:: Bicycle Retailer and Industry News