The Giant Group saw its year-over-year sales picture improve for the second month in a row in August. The Taiwan-based bike manufacturer reported a 2.0 percent year-over-year increase in sales for the month to NT$6.86 billion. The increase was more moderate than the 16.6 percent increase in July. Still, it was good news as the company faces easier comparisons against an ugly fall shipping period last year.
The small increase easily comped against a 22.9 percent decline in August last year when sales were NT$6.72 billion. Though it was a small gain, it is still an improvement from the 7.4 percent decline year-to-date.
The second half should continue to provide opportunities for an improved trend line as Giant Group’s year-ago second half saw revenues fall 26.9 percent year-over-year, with a 29.8 percent decline in the fourth quarter, driven south by a 34.4 percent decrease year-over-year, the largest decline for any month for as far back as Giant tracks on its website through 2016. November and December were also down over 25 percent year-over-year.
The Giant Group reports financials in the New Taiwan Dollar (NT$).
Image courtesy Giant Gro
