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Earnings/Financial Reports

Posted April 26, 2016

HEERENVEEN, Netherlands (BRAIN) — Accell Group said it recorded higher turnover and profit in the first quarter of this year compared to last year due to higher demand for higher priced e-bikes and sport bikes.

Posted in North America Tagged Earnings/Financial Reports
Posted April 22, 2016

HELSINKI (BRAIN) — Mavic sales were down 2 percent in the first quarter, according to its parent, Amer Sports, which reported its total sales were up about 10 percent.

Posted in International Tagged Earnings/Financial Reports
Posted April 1, 2016

STOCKHOLM (BRAIN) — Thule Group AB hit its financial goals for annual sales growth and EBIT margin for 2015, and exceeded its goal for the proportion of the energy used in its factories coming from renewable sources.

Posted in International Tagged Earnings/Financial Reports
Posted March 15, 2016

SEATTLE (BRAIN) — REI posted record revenues last year. The outdoor specialty retailer reported $2.4 billion in annual revenues in 2015, a 9.31 percent increase from $2.2 billion in 2014.

Posted in Retail News Tagged Earnings/Financial Reports
Posted March 10, 2016
Challenging currency rates, sluggish fourth-quarter sales hurt profits.

MONTREAL (BRAIN) — Dorel Industries reported that its bike business, Dorel Sports, saw revenues drop by $6.4 million or 2.5 percent to $253 million in the fourth quarter of 2015. Removing the impact of foreign exchange rates, organic revenue was up about 3 percent, the company said.

Posted in North America Tagged Earnings/Financial Reports
Posted February 29, 2016
Suspension brand sees double-digit growth in fourth-quarter and full-year sales thanks to acquisition of RaceFace/Easton.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. posted nearly 30 percent growth in revenue in the fourth quarter of 2015, the company announced Monday. Sales for the quarter totaled $95.7 million, compared with $74.1 million for the same quarter the previous year.

Posted in North America Tagged Earnings/Financial Reports
Posted February 26, 2016
Global revenues were up 9% last year thanks to e-bikes; profits up 33 percent.

HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting that its global profits and revenues were up significantly in 2015, largely thanks to e-bike sales in Europe.

Posted in International Tagged Earnings/Financial Reports
Posted February 17, 2016
Fitness revenue up 14 percent in quarter on strength of wellness, running and cycling products.

OLATHE, Kan. (BRAIN) — Sales and profit declined at Garmin Ltd. in the fourth quarter, but the company’s fitness business — which includes cycling products — posted its strongest gains for the period.

Posted in North America Tagged Earnings/Financial Reports
Posted February 15, 2016
Thule outdoor bags category continues to grow.

STOCKHOLM (BRAIN) — Thule Group notched a 5.1 percent sales increase in 2015 in currency-neutral figures. The Stockholm-based company recorded sales of 5.3 million Swedish Kronas ($623 million) for the year, capped by a 3 percent sales increase in the final quarter.

Posted in International Tagged Earnings/Financial Reports
Posted February 10, 2016
But the company is forecasting a decline for 2016.

OSAKA, Japan (BRAIN) — Shimano's net sales were up nearly 14 percent in 2015, to 378 billion yen ($3.3 billion). Operating income also increased, by nearly 30 percent, to 85.1 billion yen.

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

SAN MATEO, Calif. (BRAIN) — Shares of GoPro plunged in after-hours trading Wednesday after the action camera maker reported a surprising fourth-quarter loss of $11.4 million, or 8 cents a share, compared with a year-earlier profit of $144.9 million.

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

HELSINKI (BRAIN) — Mavic's owner, Amer Sports Corp., is reporting net sales of 783.7 milion euros ($870 million) in the fourth quarter of 2015, up 6 percent in local currencies from its sales in the same period in 2014. Gross margins increased to 43.8 percent from 43 percent in the prior year.

Posted in International Tagged Earnings/Financial Reports
Posted November 17, 2015
Sales of higher priced e-bikes in Europe continue to drive revenue and profits.

HEERENVEEN, Netherlands (BRAIN) — Accell Group reported growth in revenue in the third quarter, which the Dutch conglomerate attributed to healthy sales of the company's German and French bike brands.

Posted in International Tagged Earnings/Financial Reports
Posted November 5, 2015

MONTREAL (BRAIN) — Dorel Sports third quarter revenue was flat at $266.5 million, but was up about 9 percent after removing the effect of currency exchange fluctuations — an increase that Dorel Industries credited to its IBD sales.

Posted in North America Tagged Earnings/Financial Reports
Posted November 4, 2015
Company plans to move the brand to Taiwan, will continue some legacy products as it adds new models.

SCOTTS VALLEY, Calif. (BRAIN) — Marzocchi is unlikely to contribute much to Fox Factory’s bottom line for at least a year, Fox executives warned investors Wednesday, saying it will take some time and money to resurrect the Italy-based brand, which is currently dormant.

Posted in North America Tagged Mergers & Acquisitions / Earnings/Financial Reports
Posted November 4, 2015

STOCKHOLM (BRAIN) — Thule Group will continue to focus on its Outdoor & Bags division, despite some softness in sales of its electronics and camera bags in the Swedish company's most recent quarter.

Posted in International Tagged Earnings/Financial Reports
Posted October 29, 2015

NORTHFIELD, Vt. (BRAIN) — Sock maker Darn Tough Vermont says it has seen a 51 percent increase in sales in the first three quarters of 2015 and has added more knitting machines and more workers at its mill, including 100 new job positions there this year.

Posted in North America Tagged Earnings/Financial Reports
Posted October 28, 2015

SAN MATEO, Calif. (BRAIN) — Shares of GoPro Inc. tumbled 17 percent in after-hours trading Wednesday after the action camera maker reported third-quarter earnings that fell short of analyst expectations due largely to weak sales of its compact, lightweight HERO4 Session camera, introduced during the second quarter.

Posted in Industry News Tagged Earnings/Financial Reports
Posted October 28, 2015

OLATHE, Kan. (BRAIN) — Garmin reported Wednesday that revenue and margins continued to slide in the third quarter as the strong U.S. dollar undercut growth in unit sales.

Posted in North America Tagged Earnings/Financial Reports
Posted October 27, 2015

OSAKA, Japan (BRAIN) — Shimano says its bike and e-bike component sales have been strong globally in the first three quarters of 2015, with double-digit percentage increases in sales despite unfavorable weather in Europe and North America.

Posted in International Tagged Earnings/Financial Reports

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