Thule AB: Initiation of Coverage- Can the Quad Lock Acquisition Turbocharge Profit Margins Long-Term? 

Thule Group AB presented a mixed performance in their recent quarterly earnings report. The company registered a 10% increase in total sales from the previous year, but faced notable hurdles in North America, where sales declined by 13%. In contrast, sales in Europe showed stability with marginal growth. Despite the challenging North American market, Thule Group managed to achieve a record-high gross margin of 44.8%.