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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
Posted January 20, 2015

MILAN (BRAIN) — Luxottica SpA reported Monday that 2014 sales rose 5.3 percent to 7.7 billion euros ($8.9B) as strong performance in North American buoyed the eyewear giant’s bottom line.

Posted in International Tagged Earnings/Financial Reports
Posted November 7, 2014

CARLSBAD, Calif. (BRAIN) — Spy Inc. reported this week that third-quarter sales rose 8.1 percent to $11 million, driven by strong sales of goggles and prescription frames. Income from operations increased by $100,000 to $600,000 in the quarter, compared with $500,000 a year earlier.

Posted in North America Tagged Earnings/Financial Reports
Posted November 6, 2014

MONTREAL (BRAIN) — Dorel Industries posted yet another quarter of positive growth in its bike business.

Posted in North America Tagged Earnings/Financial Reports
Posted October 31, 2014

OSAKA, Japan (BRAIN) — When the Bank of Japan announced a massive new stimulus program Friday, world stock markets jumped and the yen dropped to its lowest point since early 2008. But the news is unlikely to change Shimano Inc.’s financial forecast for the remainder of the year.

Posted in International Tagged Earnings/Financial Reports
Posted October 30, 2014

MILAN, Italy (BRAIN) — Luxottica Group SpA, parent of optical brands including Oakley and Ray Ban, reported this week that third-quarter net income rose 10 percent to 162 million euros ($204 million) fueled in part by strong sales growth of more than 30 percent in emerging markets including China, Brazil, India and

Posted in International Tagged Earnings/Financial Reports
Posted October 23, 2014

HELSINKI (BRAIN) — Amer Sports is reporting that sales in its cycling division — which is entirely composed of its Mavic brand — declined 2 percent in its third quarter, to 32.4 million euros ($40.9M), down from 33.1 million euros ($41.8M) in the same period last year.

Posted in International Tagged Earnings/Financial Reports
Posted October 16, 2014

KETCHUM, Idaho (BRAIN) — Club Ride Apparel says its sales were up 43 percent in the third quarter of 2014, to $428,000.

Posted in North America Tagged Earnings/Financial Reports
Posted August 7, 2014

PETALUMA, Calif. (BRAIN) — CamelBak’s sales totaled $79.7 million in the first half of the year, up from $77.3 million in sales during the same period last year.

Posted in North America Tagged Earnings/Financial Reports
Posted August 7, 2014

SCOTTS VALLEY, Calif. (BRAIN) — Fox sales hit $142.5 million over the first six months of 2014, up 14 percent compared to the same period last year. The sales increase reflects a 35 percent growth in powered vehicle products and a 2 percent growth in mountain bike products.

Posted in North America Tagged Earnings/Financial Reports
Posted August 6, 2014

CARLSBAD, Calif. (BRAIN) — Spy Inc. on Wednesday reported an 18 percent decrease in second-quarter sales compared with a year earlier, ending 12 consecutive quarters of year-over-year growth at the optical brand.

Posted in North America Tagged Earnings/Financial Reports
Posted August 6, 2014

MONTREAL (BRAIN) — Dorel Industries, parent company of Cannondale Sports Group and Pacific Cycle, which includes the Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and Sugoi brands, reported double-digit revenue growth in the second quarter across its bike segment. 

Posted in North America Tagged Earnings/Financial Reports
Posted August 1, 2014

OSAKA, Japan (BRAIN) — Shimano's overall sales were $1.52 billion (156.3 billion Yen) over the first six months of the year, compared to $1.3 billion (133.1 billion Yen) last year.

Posted in International Tagged Earnings/Financial Reports
Posted July 25, 2014
Company blames revenue dip in North America on severe winter and decline in overall market.
Accell sales by region, first half of 2014.

HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. reported overall revenue gains for the first six months of the year. Revenue was up 4 percent to 506.2 million euros ($679.8 million), up from 503.8 million euros ($676.6 million) in the first half of 2014.

Posted in International Tagged Earnings/Financial Reports
Posted July 24, 2014

HELSINKI, Finland (BRAIN) — Mavic's sales have grown 10 percent in the first half of 2014, thanks especially to strong sales in the April-June period, the brand's parent, Amer Sports, announced Thursday.

Posted in International Tagged Earnings/Financial Reports
Posted July 21, 2014

KETCHUM, Idaho (BRAIN) — Clothing brand Club Ride says its second quarter sales were up 37 percent compared to the same period last year to $718,000.

Sales for the first half of the year grew from $1.2 million last year to nearly $1.6 million this year.

Posted in North America Tagged Earnings/Financial Reports

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