Dorel Sports’ revenue down 5 percent in Q1

By Stephen Frothingham

Despite slow start, bike division expects to exceed 2015’s performance.

MONTRÉAL (BRAIN) — Dorel Sports reported that revenue dipped $12.4 million or 5.4 percent in the first quarter, to $216.5 million compared to $228.9 million last year. Organic revenue was down about 3 percent, accounting for the impact of foreign exchange rates.

Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse, Sugoi, Fabric and Charge.

The company attributed the decline to shipments of 2016 model year …read more

Via:: Bicycle Retailer and Industry News