Strong Growth in Dorel Juvenile International Markets
Dorel Juvenile's revenue growth excluding the U.S. market was over 12% for the quarter, with significant growth in Europe and smaller markets like Canada, Australia, Chile, and Peru.
Successful Product Launches
The Maxi-Cosi Fame stroller launched in Canada, Brazil, and Chile, leading to an 82% sales growth in Chile. A new BebeConfort Disney car seat line was also launched in France with strong consumer interest.
Restructuring Benefits Expected
Dorel Home announced a restructuring plan to cease manufacturing in North America, focusing on profitable segments and integrating with the Juvenile segment to achieve substantial savings.