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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 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
Posted May 16, 2016

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corp. said its revenue increased 20 percent in the first quarter, to $4.8 million, up from $4 million in the same period last year. 

Posted in International Tagged Earnings/Financial Reports
Posted May 16, 2016

TORONTO, Ontario (BRAIN) — Emerald Expositions recorded revenue of $128 million in its first quarter this year, a 6 percent increase over last year. The company said the increase was due to acquisitions and organic growth. 

Posted in North America Tagged Earnings/Financial Reports / Interbike
Posted May 12, 2016

TAICHUNG, Taiwan (BRAIN)—Giant executives are forecasting a generally flat year of growth in Europe and caution that sales in the U.S. could be hampered by excess inventory.

Posted in International Tagged Earnings/Financial Reports
Posted May 6, 2016
Despite slow start, bike division expects to exceed 2015's performance.

MONTRÉAL (BRAIN) — Dorel Sports reported that revenue dipped $12.4 million or 5.4 percent in the first quarter, to $216.5 million compared to $228.9 million last year. Organic revenue was down about 3 percent, accounting for the impact of foreign exchange rates.

Posted in North America Tagged Earnings/Financial Reports
Posted May 5, 2016

SAN MATEO, Calif. (BRAIN) — GoPro posted its second consecutive quarterly loss Thursday, but its share price rose in after-hours trading as the action camera maker's revenue for the first quarter exceeded analyst expectations.

Posted in North America Tagged Earnings/Financial Reports
Posted May 4, 2016
Bike-related sales up 27 percent for the owner of Easton Cycling, Race Face and Marzocchi.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. racked up sales of $80.2 million in the first quarter, an 18.3 percent increase over the previous year.

Posted in North America Tagged Earnings/Financial Reports
Posted May 2, 2016

STOCKHOLM (BRAIN) — Thule Group saw sales growth of 6 percent in the first quarter, reporting its strongest sales in Europe. The company introduced new products in several categories in the quarter and announced a reorganization of its North American distribution structure.

Posted in International Tagged Earnings/Financial Reports
Posted April 27, 2016

OLATHE, Kan. (BRAIN) — Garmin reported Wednesday that its first-quarter revenue rose 7 percent and net profit surged 32 percent as the company saw strong double-digit growth in the outdoor and marine segments that helped offset continuing declines in its automotive business.

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

OSAKA, Japan (BRAIN) — Shimano on Tuesday reported its second consecutive quarterly year-over-year revenue decline in its bike segment, as it announced that net sales were down 20 percent in the first quarter of 2016. The company's operating income also was down, 30.7 percent.

Posted in International Tagged Earnings/Financial Reports

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