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Dorel Industries reports a doubled third-quarter loss to $21.9 million amid falling revenues.
Dorel Industries reported a third-quarter loss of $21.9 million, more than double the loss from the same period last year, amid a 1.5% drop in revenue to $354.2 million.
The company's home business revenue fell by 14%, while its juvenile business saw a revenue increase.
To address these challenges, Dorel is implementing cost reduction measures and focusing on e-commerce growth.
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Dorel Industries reporta una pérdida del tercer trimestre duplicada a $21,9 millones en medio de la caída de los ingresos.