Giant points to improved margins in Q1, says WRO cost $2.6 million in the quarter

May 8, 2026

Giant Group is noting that new product launches helped increase its gross margin rate in the first quarter, when the manufacturer recorded a net loss after tax of NT$200 million ($6.37 million).

The company also reported a one-time cost of NT$80 million ($2.56 million) related to the Withhold Release Order issued by the U.S. Customs and Border Protection last September. It said the WRO issue has “entered its final stage and is not expected to have any further impacts on future earnings.”

Giant said the launch of new products under its own brand in the quarter helped improve its gross margin rate to 19.6%, up from 17.8% in the same period last year. Giant’s full-year gross margin was 19.81% in 2025 and 18.99% in 2024. Bicycle Retailer