Earnings/Financial Reports

Posted November 15, 2016
Company looking to omni-channel sales to compensate for reduced specialty retailer sales.

HEERENVEEN, Netherlands (BRAIN) — Sales of performance e-bikes continue to drive sales increases for Accell Group, the parent company of Raleigh, Diamondback, Haibike and other bike brands.

Posted in International Tagged Omnichannel / Earnings/Financial Reports
Posted November 14, 2016

TAICHUNG, Taiwan (BRAIN) — The global slump in bicycle sales, especially in the U.S. and China, has taken a toll on Giant's first three quarters of 2016 with overall revenue down 6.5 percent.

Posted in International Tagged Earnings/Financial Reports
Posted November 10, 2016
Global sales decline for the quarter and year to date.

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corporation is seeing strong growth in the U.S. market this year, with sales up 33 percent in the third quarter and 19 percent for the year to date. 

Posted in International Tagged Earnings/Financial Reports
Posted November 10, 2016
Results bolstered by acquisitions.

FARMINGTON, Utah (BRAIN) – Vista Outdoor, parent of Camelbak, Giro, Bell, Bushnell and other brands, posted sales of $684 million for the second quarter of its fiscal 2017. That's up 24 percent from the prior-year quarter. The results included $106 million from recent acquisitions.

Posted in North America Tagged Earnings/Financial Reports
Posted November 3, 2016

SAN MATEO, Calif. (BRAIN) — GoPro Inc. on Thursday reported a worse-than-expected loss for its third quarter and forecast fourth-quarter revenue below market expectations as production issues hampered availability of the newly launched Karma drone and Hero5 Black premium action camera heading into the important holiday sales period.

Posted in North America Tagged Earnings/Financial Reports
Posted November 3, 2016
IBDs are holding off on big preseason buys, company says. In weak market, division focuses on improving its margins, internal operations.

MONTREAL (BRAIN) — Dorel's bike division reported a drop in third-quarter revenue of $15.8 million, or 5.9 percent, and a year-to-date revenue decrease of $42.8 million, or 5.7 percent. Revenue for the quarter totaled $250.7 million, while year-to-date revenue was $703.7 million.

Posted in North America Tagged Earnings/Financial Reports
Posted November 2, 2016
Entry-level Rhythm product line 'on track,' company says.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. said its sales increased 2.7 percent to $109 million in the third quarter, compared with $106.2 million in the same period last fiscal year.

Posted in North America Tagged Earnings/Financial Reports
Posted November 1, 2016

MALMO, Sweden (BRAIN) — The company pointed to three factors for the sales decline in the American region.

Posted in North America Tagged Earnings/Financial Reports
Posted October 26, 2016

OSAKA, Japan (BRAIN) — Shimano pointed to weak sales in Southeast Asia, Japan, China and South America as contributors to another steep decline in bike product sales. The company’s sales through the first nine months of this year were down 18.8 percent according to figures released this week.

Posted in International Tagged Earnings/Financial Reports
Posted August 16, 2016
E-commerce business, up 26 percent, drives same-store growth.

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported Tuesday that net sales for the second quarter were up 7.9 percent over the same period last year, reaching approximately $2 billion. Same-store sales were up 2.8 percent, much higher than what Dick’s had forecasted.

Posted in Retail News Tagged Earnings/Financial Reports
Posted August 12, 2016
The owner of Giro, Bell and CamelBak sees a 14 percent slump in earnings.

SALT LAKE CITY (BRAIN) — Vista Outdoor saw sales increase to $630 million in its second quarter, as revenue from its new acquisitions of Bell, Giro, Jimmy Styks and CamelBak kicked in.

Posted in North America Tagged Earnings/Financial Reports
Posted August 10, 2016

TAICHUNG, Taiwan (BRAIN) — Continued turmoil in the global bicycle market has pummeled Giant Manufacturing’s first-half financial results, with the world’s leading maker of bicycles posting a 3.7 percent drop in revenue compared with a year earlier.

Posted in International Tagged Earnings/Financial Reports
Posted August 4, 2016
Company points to lower IBD sales in North America and reduced margins from discounting for revenue losses.

UPDATED

Posted in International Tagged Earnings/Financial Reports
Posted August 3, 2016

SCOTTS VALLEY, Calif. (BRAIN) —  Fox Factory Holding Corp. saw sales increase 5.3 percent to $102.3 million in its second quarter, compared to $97.2 million in the same period last fiscal year. Gross margin increased 90 basis points to 31.6 percent over last year.

Posted in North America Tagged Earnings/Financial Reports
Posted July 28, 2016
Company doesn't mention cycling products in quarterly presentations.

SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin stocks hit a 52-week high on Wednesday after earnings and revenue far exceeded analyst expectations for the first half. The company also raised its guidance for the second half.

Posted in North America Tagged Earnings/Financial Reports
Posted July 28, 2016
Company exceeds Wall Street expectations, points to improved sell-thru rates and continued marketshare dominance.

SAN MATEO, Calif. (BRAIN) — GoPro announced a second quarter sales decline of 47 percent this week, along with a loss of nearly $92 million, after reporting a profit last year in the same period.

Posted in North America Tagged Earnings/Financial Reports
Posted July 28, 2016

HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.

Posted in International Tagged Earnings/Financial Reports
Posted July 26, 2016

OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.

Posted in International Tagged Earnings/Financial Reports
Posted July 22, 2016
E-bike sales drive growth in Europe.

HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.

Posted in International Tagged Omnichannel / Earnings/Financial Reports
Posted July 21, 2016

STOCKHOLM (BRAIN) — Thule Group reported gobal sales growth of 8.2 percent in its second quarter, but the company said said the Sports Authority and Sport Chalet closured hampered sales in the U.S.

Posted in North America Tagged Earnings/Financial Reports

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