Dorel’s bicycle segment declines

Dorel Industries reported first-quarter revenues of $203.5 million in its Recreational/Leisure division, down by 8 percent, ignoring varying exchange rates, after 13 consecutive quarters of growth. The division's gross profit fell by 12 percent to $51.3 million. Dorel's Recreational/Leisure segment includes cycling brands such as Cannondale, GT, Schwinn, Mongoose, Iron Horse, Pacific, ...