Earnings/Financial Reports

Posted November 20, 2017

PITTSBURGH, Penn. (BRAIN) — Dick's Sporting Goods has posted its sales and earnings for the third quarter of 2017, which ended Oct. 28. The company's net income for the quarter was $36.9 million or 35 cents per share, exceeding expectations of 22 to 30 cents per share.

Posted in Industry News Tagged Earnings/Financial Reports
Posted November 14, 2017
The Leatt 3.5 Neck Brace was introduced at Eurobike.

CAPE TOWN, South Africa (BRAIN) — Protective brand Leatt Corporation saw a 17.8 percent sales increase in its third quarter, which ended Sept. 30, as well as an increase in revenues in the year to date.

Posted in North America Tagged Earnings/Financial Reports
Posted November 13, 2017

TAICHUNG, Taiwan (BRAIN)  — It's been a tough year so far for Giant Manufacturing, and its third-quarter results have shown little improvement in its global position as the world's leading bicycle maker.

Posted in International Tagged Earnings/Financial Reports
Posted November 9, 2017
The owner of Bell, Giro and CamelBak sees declines in its outdoor product and shooting sports divisions.
Some of Vista Outdoor's Outdoor Sports brands.

FARMINGTON, Utah (BRAIN) — Vista Outdoors, the owner of Bell, Giro, Blackburn, Bollé, CamelBak and other brands, saw a 9.1 percent decline in sales in its most recent quarter in its Outdoor Products division, which includes those brands.

Posted in North America Tagged Earnings/Financial Reports
Posted November 2, 2017
But officials say sales are rebounding in the fourth quarter following extreme weather and US retail challenges that disrupted business.

MONTREAL (BRAIN) — Dorel Industries reported Thursday that third-quarter revenue in the division housing its mass-market and IBD bikes businesses plunged 18 percent due to factors including hurricanes and other extreme weather in North America, the bankruptcy filing of mass customer Toys R Us in September, and overa

Posted in North America Tagged Earnings/Financial Reports
Posted November 1, 2017

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory reported record sales of $127.4 million in the third quarter, up 16.9 percent from the same period last year. In its bicycle division, which includes sales through the Fox, Marzocchi, Race Face and Easton Cycling brands, sales were up 8.8 percent in the quarter.

Posted in Industry News Tagged Earnings/Financial Reports
Posted November 1, 2017

SAN MATEO, Calif. (BRAIN) — GoPro on Wednesday reported a 37 percent increase in third-quarter revenue to $329.8 million and net income of $14.7 million, compared with a loss of $104 million in the same quarter a year earlier.

Posted in North America Tagged Earnings/Financial Reports
Posted November 1, 2017

OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported a 3 percent increase in third-quarter revenue to $743 million, but the company's fitness segment — which includes cycling products — saw sales decline 12 percent during the period to $167 million.

Posted in North America Tagged Earnings/Financial Reports
Posted October 27, 2017

STOCKHOLM (BRAIN) — Thule Group announced Friday that its net sales were up 6.9 percent in its third quarter, the period from July through September. Adjusted for exchange rate fluctuations, sales rose 8.5 percent, to 1,385 million Swedish Krona ($165 million).

Posted in International Tagged Earnings/Financial Reports
Posted October 26, 2017

HELSINKI, Finland (BRAIN) — Sales in Amer Sports' cycling division, which comprises Mavic and Enve, were down 10 percent through the first nine months of the company's fiscal year, and down 8 percent in the third quarter. The company said its bike-related sales were hurt by high OEM and retail inventories.  

Posted in International Tagged Earnings/Financial Reports
Posted October 24, 2017

OSAKA, Japan (BRAIN) — Shimano saw a slight increase in sales in its bike division through the first nine months of 2017, up 1.4 percent to 196 billion yen ($1.7 billion) over sales in the same period last year. Operating income in the division decreased nearly 5 percent over the period however.

Posted in International Tagged Earnings/Financial Reports
Posted August 30, 2017
Photo courtesy of Enve.

HELSINKI, Finland (BRAIN) — Amer Sports has updated its 2020 growth target. Instead of aiming for sales of 3.4 billion euros ($4.2 billion) in that year, the company is now setting a target for "annual mid-single-digit organic, currency-neutral growth."

Posted in International Tagged Earnings/Financial Reports
Posted August 11, 2017

CAPE TOWN, South Africa (BRAIN) — Protective products manufacturer Leatt Corporation announces on Friday that its first half sales totaled $9.3 million, up from $8.5 million in the first half last year. In the half, the company registered net income of $101,000.

Posted in International Tagged Earnings/Financial Reports
Posted August 10, 2017

FARMINGTON, Utah (BRAIN) — Vista Outdoor's sales in its Outdoor Products division — which includes Bell, Giro, CamelBak and Bollé sales — were down 6.5 percent organically in the first quarter.

Posted in North America Tagged Earnings/Financial Reports
Posted August 8, 2017
Company blames sales declines at mass and fewer closeouts in IBD channel for revenue drop in second quarter.

MONTRÉAL (BRAIN) — Dorel Industries reported that second-quarter revenue was down 11 percent in its sports division, which includes its mass and IBD bike businesses, including Cannondale, Caloi, GT, Mongoose, Schwinn and Sugoi brands.

Posted in North America Tagged Earnings/Financial Reports
Posted August 7, 2017
Emerald expects Interbike's move to Reno-Tahoe will strengthen show, bring back brands who haven't exhibited in recent years.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions reported 14 percent growth in revenue for the second quarter compared with the same period last year — about a third of that from organic growth and two-thirds from recent acquisitions.

Posted in North America Tagged Earnings/Financial Reports / Interbike
Posted August 4, 2017

 SAN MATEO, Calif. (BRAIN) — Shares of GoPro Inc. surged 20 percent in trading Friday after the company this week reported second-quarter earnings that topped analyst expectations due in part to restructuring and job cuts that have reduced the action camera and drone maker’s costs. 

Posted in North America Tagged Earnings/Financial Reports
Posted August 3, 2017

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. announced Thursday that its bicycle-related sales — through its Fox Factory, Marzocchi, Race Face and Easton brands — was up 2.9 percent in the second quarter, which ended June 30. 

Posted in North America Tagged Earnings/Financial Reports
Posted August 2, 2017

OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported a 1 percent rise in second-quarter revenue, to $817 million from $812 million a year earlier, that included a 46 gain in its outdoor segment driven by strong demand for its Fenix smart watches.

Posted in North America Tagged Earnings/Financial Reports
Posted July 27, 2017

HELSINKI, Finland (BRAIN) — Amer Sports' cycling business, done through its Mavic and Enve brands, was down 12 percent in local currencies in the first half of the year, and down 18 percent in the company's second quarter, the company is reporting.  But Enve sales were up in the half.

Posted in International Tagged Earnings/Financial Reports

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