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

Knell, Michael J.
August 2007
Furniture/Today;8/13/2007, Vol. 31 Issue 48, p66
Trade Publication
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.


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