Dorel Sports Sees Sales Improving in Second Quarter

MONTREAL, Canada - Dorel Sports including Cycling Sports Group (Cannondale, GT, Mongoose among other brands as well as Pacific Cycle and Caloi) had a much better quarter than anticipated, surpassing earlier published expectations. Second quarter revenue increased USD 15.5 million, or 7.4%, to USD 224.5 million. With that six month revenue increased USD 8.1m, or 1.9%, to USD 431.2m which is flat to prior year after removing the impact of varying foreign exchange rates year-over-year.
Dorel Sports including Cycling Sports Group (Cannondale, GT, Mongoose, Pacific Cycle and Caloi) had a much better quarter than anticipated. – Photo Cannondale