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Earnings/Financial Reports

Posted July 29, 2015

HELSINKI (BRAIN) — Mavic sales were up 3 percent globally in the first half of this year, as its parent company Amer Sports Corporation recorded a net sales increase of 9 percent, to 461.1 million euros ($509 million). 

Posted in International Tagged Earnings/Financial Reports
Posted July 24, 2015
Growth from e-bike sales in Europe; North American performance 'below expectations.'

HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. noted that operating profit in the first half of the year was up 29 percent to $53.8 million (€49.1 million), while net profit was up 21 percent to $34.9 million (€31.9 million).

Posted in North America Tagged Earnings/Financial Reports
Posted July 23, 2015

SEYMOUR, Conn. (BRAIN) — Thule Group is reporting a net sales increase of 20 percent in its second quarter, a result helped by favorable currency fluctuations. In currency neutral figures, the Sweden-based company saw a 6.4 percent sales increase in the quarter, which ended June 30.

Posted in International Tagged Earnings/Financial Reports
Posted July 22, 2015

SAN MATEO, Calif. (BRAIN) — GoPro, Inc. revenue hit $420 million in its second quarter, which ended June 30, a 72 percent increase year over year.

GoPro's founder and CEO, Nicholas Woodman, noted the company's "aggressive pace of innovation."

Posted in International Tagged Earnings/Financial Reports
Posted May 19, 2015
Same-store sales up 1.8 percent

PITTSBURGH (BRAIN) — Dick’s Sporting Goods, Inc. reported a sales increase of 8.8 percent in its first quarter, which ended May 2. The company's net sales were $1.6 billion, or $0.53 per diluted share; same store sales were up 1.8 percent from the same time in 2014.

Posted in Retail News Tagged Earnings/Financial Reports
Posted May 7, 2015
Organic revenue up 3 percent in bike business excluding currency issues. Growth buoyed by IBD sales in Europe, Japan and Brazil. U.S. market off to slow start.

MONTREAL (BRAIN) — While worldwide currencies have somewhat stabilized against the U.S. dollar, foreign exchange rates dealt a major blow to Dorel's first-quarter earnings across all of its business divisions, officials told analysts during a call Thursday morning.

Posted in North America Tagged Earnings/Financial Reports
Posted May 7, 2015

PETALUMA, Calif. (BRAIN) — CamelBak sales for the first quarter this year were down 4.8 percent from the same period last year, a decline the company attributed to the strong U.S. dollar, the West Coast port shutdown and a continued downsizing of the U.S. military.

Posted in North America Tagged Earnings/Financial Reports
Posted May 7, 2015
Bike-related sales up 6 percent, mostly due to the addition of Race Face and Easton sales.

SCOTTS VALLEY, Calif. (BRAIN) — "Alternative logistics" helped Fox Factory exceed its sales expectations for the first quarter, despite the West Coast port shutdowns.

Posted in North America Tagged Earnings/Financial Reports
Posted May 4, 2015
Reorganization of Oakley expected to double brand's revenue in three years.

MILAN (BRAIN) — Italian eyewear maker Luxottica Group, parent of brands including Oakley, Arnette and Ray-Ban, reported Monday that first-quarter net profit surged almost 34 percent to 210.4 million euros ($234.7 million) as sales in North America rose 29.4 percent and foreign exchange rates provided "a material tai

Posted in North America Tagged Earnings/Financial Reports
Posted April 30, 2015
Bike-related sales lead the way with 34 percent gain.

OSAKA, Japan (BRAIN) — Shimano is on a roll, pocketing an extra $518.7 million in new business last year and adding to that $187.7 million in additional sales it earned over the first quarter ended in March.

Posted in International Tagged Earnings/Financial Reports
Posted April 30, 2015

SAN MATEO, Calif. (BRAIN) — GoPro recorded its second-highest revenue quarter in company history in the first quarter this year, registering sales of $363 million and operating income of $22.3 million.

The company said the top five best-selling camera/camcorders in the U.S. are all GoPro models.

Posted in North America Tagged Earnings/Financial Reports
Posted April 29, 2015

OLATHE, Kan. (BRAIN) — Garmin's overall revenues were flat in the first quarter, but its fitness division — which includes its cycling-related products — grew by 31 percent, the company announced Wednesday.

Posted in North America Tagged Earnings/Financial Reports
Posted April 23, 2015

HEERENVEEN, the Netherlands (BRAIN) — Accell Group released a brief statement Thursday saying that it has "recorded an increase in both turnover and profit in the first months of 2015 compared to the same period of 2014."

Posted in International Tagged Earnings/Financial Reports
Posted March 26, 2015

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation, a maker of protective gear for motorsports and bicycling, announced 2014 revenues of $18.5 million, up 24 percent over its 2013 sales. 

Posted in International Tagged Earnings/Financial Reports
Posted March 23, 2015

SEATTLE (BRAIN) – Outdoor retailer REI has reported record revenue of $2.2 billion dollars for 2014, up 9.9 percent from 2013. It also reported the highest ever dividend payout, returning $168 million to its 5.5 million active co-op members last year.

Posted in Retail News Tagged Earnings/Financial Reports
Posted March 16, 2015
Strong U.S. dollar cuts into profits from overseas markets.

MONTREAL (BRAIN) — The bike business continued to rebound through the final quarter of 2014 for Dorel Industries, the Canadian parent of Cannondale Sports Group and Pacific Cycle, which includes the Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse, Guru Fit and Sugoi brands.

Posted in North America Tagged Earnings/Financial Reports
Posted March 4, 2015
Port slowdown has little effect on fiscal-year earnings but is expected to have an adverse impact in early 2015.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp.’s sales rose 12.5 percent last year to $306.7 million despite a 1 percent decline in mountain bike product sales as the company’s first-quarter acquisition of aftermarket suspension distributor Sport Truck contributed to a 39 percent surge in sales of powered vehicle products for the full year.
Posted in North America Tagged Earnings/Financial Reports
Posted February 17, 2015

HELSINKI (BRAIN) — Mavic’s worldwide sales were up 16 percent in the final months of 2014, capping an 8 percent increase for the year in Amer Sports’ cycling division.

Posted in International Tagged Earnings/Financial Reports
Posted February 12, 2015

OSAKA, Japan (BRAIN) — Shimano pocketed an extra $518.7 million last year as sales hit $2.8 billion (333.168 billion yen), with most of the increase coming from the company's cycling division.

Posted in International Tagged Earnings/Financial Reports
Posted January 29, 2015
New products to reflect currency changes with higher prices.

MONTREAL (BRAIN) —  Dorel Industries, parent of Cycling Sports Group and its stable of brands, including Cannondale, GT, Schwinn, Caloi and Sugoi, expects the surge in value of the U.S. dollar to have a “significant negative effect” on its earnings through 2015.

Posted in North America Tagged Earnings/Financial Reports

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