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
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

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