BicycleBrokersPacific in Campbellfield, Victoria, Australia | Sports equipment shop

BicycleBrokersPacific

Locality: Campbellfield, Victoria, Australia

Phone: +61 1300 436 227

Address: 1-90 Merola Way 3061 Campbellfield, VIC, Australia

Website: http://bicyclebrokers.com.au/

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• Sports equipment shop
• Bicycle shop

22.01.2022 Analysis of Dorel Reports Second Quarter 2018 Results from The Bicycle Authority. ... Dorel claim that Dorel Sports sales rebounded strongly after a tough start to the year, posting solid adjusted results. It's worth noting, that "ADJUSTED" being the operative word! Dorel also claim for the second quarter revenue increased by $15.5 million or 7.4%, but then noted that Gross Profits declined by 170 basis points to 21.3%. This from 23% in 2017. They say Gross Profits declined because of some discounting a little bit of discounting at Cannondale in light of the arrival of model year 2019 inventory in the third quarter. Dorel are actually in the middle of the sales season and Gross Margins should be at their strongest, not declining, in this fashion described. The Gross Profit Dollars in the same quarter in 2017 were higher than in 2018! $48,024 versus $47,789 In other words the 7.4% revenue growth of $15.5 were sales achieved with no Gross Margin generated. It's clear from this that Dorel Sports is already desperately DISCOUNTING in the middle of the season! From the Question-and-Answer Session Leon Aghazarian [email protected] Hi, good afternoon everybody. My question would be on the Sports side. I mean, obviously, that was a pretty good quarter, as you mentioned. Weather was favourable for you guys. Revenues were up year-over-year, quarter-over-quarter, as you would expect. However, when I look at the profitability, the gross margins itself weren't I mean, didn't really increase substantially either. So just wondering, were there any sales there that was done at discounted or they may be at less, that some of the sales that were done were lower-profit margin products. Just kind of wanted to get a sense of the mix in the Jeffrey Schwartz I mean, the mix is a little different. I mean we have got some business that we've got some accounts that buy lower-priced goods. They're doing well. So there's a low bit of a mix issue. But our problem has been in bikes, has been a scale issue more than anything else is that if we can get the sales up, I really do believe that you're going to see the profit increasing incrementally. We're at a level where the sales are just covering the costs. So as we saw an increase in sales, you're seeing that despite not even having the gross margins up, you're seeing a nice increase in profits. I think that's that the way you have to look at it. Jeffrey went on to say that the gross margin issue, well, on the CSG side is not certainly not cost inputs. Drilling down further into the Dorel Industries Balance Sheet, this is actually what is happening to shareholder equity! TOTAL COMPREHENSIVE INCOME (LOSS) $ (54,655 ) EQUITY REDUCTION Balance as at December 30, 2017 $ 1,092,151 Balance as at June 30, 2018 $ 1,041,108 2018 2017 ^(1) Change $ % of $ % of % rev. rev. Total revenue 224,513 209,053 7.4 % Gross profit 47,789 21.3 % 48,024 23.0 % (0.5) % Operating profit (3,282) (1.5) % 4,928 2.4 % (166.6)% (loss) Our continued recommendation is to "SELL DOREL"

21.01.2022 China's oversupply of shared bikes is creating piles of broken, unused bicycles on city streets. Read more: http://ab.co/2r4dH6T

17.01.2022 Velo-city 2019 Dublin opens call for abstracts

08.01.2022 New Bikes in the house! Check our website for a quick overview #khebikes

07.01.2022 Great to see someone return in this way to the bicycle industry!