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Despite surging consumer demand for bikes, pandemic also challenged Schwinn-maker Dorel Anita Balakrishnan Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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The COVID-19 pandemic is spurring consumers to buy more bikes and Montreal-based Dorel Industries Inc. says it has struggled to keep up with demand.
“COVID-19 has been the catalyst which has prompted many new consumers to gravitate to bikes and, going forward, we see this demand continuing to grow,” chief executive Martin Schwartz said on a conference call with analysts on Friday.
MONTREAL Dorel Industries Inc. says its net loss grew in the fourth quarter of last year as supply chain woes and tax issues offset a surging demand for bikes during the COVID-19 pandemic. The company, which keeps its books in U.S. dollars, reported a net loss of US$22.9 million or 70 cents per diluted […]
Strong performance in Dorel Sports and Dorel Home segments for the year limited by supply chain constraints
Dorel Juvenile significantly improves both reported and adjusted operating profit in the fourth quarter
MONTRÉAL, March 11, 2021 (GLOBE NEWSWIRE) Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the fourth quarter and year ended December 30, 2020. Revenue for the fourth quarter was US$704.4 million, up 7.8% from US$653.4 million a year ago. Reported net loss for the quarter was US$22.9 million or US$0.70 per diluted share compared to US$0.6 million or US$0.02 per diluted share a year ago. Adjusted net loss
1 was US$18.0 million or US$0.55 per diluted share compared to an adjusted net income