Giant Group Sales Inch Down in Q2 as June Decline Disappoints

July 18, 2023

Revenue was for the Taiwan-based bike manufacturing company totaled NT$22.42 billion (US$ 730.3 mm) in the second quarter, a decline of 1.24 percent from NT$22.70 billion in Q2 2022. June sales were down 13.5 percent from the prior-year comparable month, following a 3.5 percent decline in May as the declines versus the bigger shipment months last year offset a 20.3 percent increase in sales in April to start the quarter. April has been the only positive sales month for the year through June. SGB