Dorel Industries reports Q1 adjusted EPS (72c) vs. (52c) last year

Reports Q1 revenue $320.5M vs. $351.1M last year. “Dorel Juvenile had a strong start to 2025, with another quarter of organic revenue growth1. Our new product introductions continue to resonate with retailers and consumers and our pipeline of upcoming launches is robust. Another positive, though out of our control, was the weakening of the U.S. dollar in the quarter against most other major currencies which helped earnings and should continue to do so going forward. Conversely, Dorel Home faced a challenging start to the year, with e-commerce sales much lower than expected. As we said in our last earnings release, brick and mortar success will be a key to our turnaround, but the change in the e-commerce landscape means we significantly underperformed. We have lowered our expectations on what the e-commerce channel can deliver and as a result will be taking further action to substantially reduce our footprint,” stated Dorel President & CEO, Martin Schwartz.