TITLE

Dorel 2Q sales up 5.3%, but furniture still slumping

AUTHOR(S)
Knell, Michael J.
PUB. DATE
August 2007
SOURCE
Furniture/Today;8/13/2007, Vol. 31 Issue 48, p66
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that total sales rose for consumer goods giant Dorel Industries Inc. in the second quarter of 2006, but revenues in its home furnishings segment continue to drop as retail weakness prompted several customers to cut orders. Total second-quarter revenues reached $459 million, up 5.3% from the $435.9 million posted in the comparable quarter in 2006. Net income dropped 39.5% to $10.8 million, or 32 cents per share.
ACCESSION #
26229608

 

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