The Giant Group saw its year-over-year sales picture return to a negative trend again in September after posting two consecutive months of growing shipments.
The Taiwan-based bike manufacturer reported a 4.8 percent year-over-year decrease in sales for the month to NT$6.03 billion. The decline comes after a 16.6 percent increase in July and a 2.0 percent increase in August shipments.
The news was a bit unexpected as the company faced easier comparisons against an ugly fall shipping period last year.
The September decline easily comped against a 20.9 percent decline in September last year when sales were NT$6.33 billion.
The decline for the month still keeps Giant Group in the positive for Q3, with sales improving 4.7 percent year-over-year to NT$20.5 million, compared to a decline of 24.5 percent in Q3 2023 to NT$19.5 million.
The fourth quarter should continue to provide opportunities for an improving trend line as Giant Group’s 2023 fourth quarter declined 29.8 percent year-over-year, driven south by a 34.4 percent decrease year-over-year in October, the largest decline for any month for as far back as Giant tracks on its website through 2016. November and December were also down over 25 percent year-over-year.
The Giant Group reports financials in the New Taiwan Dollar (NT$).
Image courtesy Giant Group
