Outlook for Q4..an improvement over Q3 Despite Dorel Home's disappointing third quarter due to cost and supply challenges, we are currently in a favourable inventory position and we experienced upticks in demand in both September and October.
Fourth quarter earnings from operations are expected to improve from the third quarter, but given the higher costs we are experiencing, earnings from operations will not reach last year's levels.
Our gross margins will remain under pressure in the short term as we continue to implement strategic price increases to offset higher costs.