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Earnings/Financial Reports

Posted October 30, 2009

MILAN, Italy (BRAIN)—Oakley’s parent company reported its best sales period of the year in the third quarter as European markets showed signs of recovery and the troubled North American market began to stabilize.

Posted in North America Tagged Earnings/Financial Reports
Posted October 30, 2009

CHICAGO, IL (BRAIN)—SRAM’S Stan Day said that the global recession has taken a bite out of the company’s business, reflecting a similar fall off in sales as its competitor Shimano.

Posted in North America Tagged Earnings/Financial Reports
Posted October 29, 2009

OSAKA, Japan (BRAIN)—A slow bike market took its toll on Shimano as the company saw its sales tumble to $1.47 billion (134.44 billion Yen) through September, from $1.87 billion (170.6 billion Yen) last year. The company’s income fell to $149.98 million (13.68 billion Yen) from $307.38 million (28.03 billion Yen).

Posted in North America Tagged Earnings/Financial Reports
Posted October 29, 2009

HELSINKI, Finland (BRAIN)—Mavic's net sales declined by 14 percent for the first nine months of the year, according to earnings report released Thursday by Mavic’s parent company, Amer Sports.

Posted in North America Tagged Earnings/Financial Reports
Posted October 28, 2009

OSAKA, Japan (BRAIN)—Shimano Inc. is slashing its full year profit forecast as U.S. and European consumers cut back purchases on mid- to high-end bicycles and fishing gear, according to Bloomberg News.

Posted in North America Tagged Earnings/Financial Reports
Posted October 15, 2009

WASHINGTON, D.C. (BRAIN)—The number of bicycles imported into the United States dropped by 1.822 million units through August, putting importers on track for one of their smallest years in a decade.

Posted in North America Tagged Earnings/Financial Reports
Posted September 10, 2009

TAIPEI, Taiwan (BRAIN)—Sales revenue for the month of August at Taiwan’s three largest bicycle manufacturers dropped by double digits, yet year-to-date revenue remains relatively stable.

Posted in North America Tagged Earnings/Financial Reports
Posted August 19, 2009

DUARTE, CA (BRAIN)— Dahon has had steady growth in sales for the first half of 2009, with a 6 percent increase in unit volume and a 27 percent increase in revenues, compared with the year earlier period.

Posted in North America Tagged Earnings/Financial Reports
Posted August 19, 2009

WASHINGTON, D.C. (BRAIN)—The Made in USA sticker is giving exporters of kids' bikes a good year so far as shipments reached 14,606 juvenile bikes through June, an increase of 19 percent.

Posted in North America Tagged Earnings/Financial Reports
Posted August 18, 2009

VAN NUYS, CA (BRAIN)—Sales in Easton Bell Sports’ Action Segment, which includes its cycling division, fell 2.3 percent in the second quarter of 2009 as OEM cycling component purchases declined due to soft demand for high-end bikes, according to Paul Harrington, president and chief executive officer of Easton Bell.

Posted in North America Tagged Earnings/Financial Reports
Posted August 16, 2009

WASHINGTON, D.C. (BRAIN)—Whatever the reason, weather or the economy, suppliers did not find parents buying kids' bikes this year. Imports of sidewalk bikes with wheel sizes under 20-inches fell 9 percent through June, while imports of 20- and 24-inch bikes were down 32 percent.

Posted in North America Tagged Earnings/Financial Reports
Posted August 12, 2009

MONTREAL, Quebec (BRAIN)—The chief executive officer of Dorel Industries said on Wednesday that the company would sell Iron Horse branded bicycles in the sporting goods channel starting next year.

Posted in North America Tagged Earnings/Financial Reports
Posted August 11, 2009

PHILADELPHIA, PA (BRAIN)—Strong sales gains during the first quarter were erased as sales fell by 2 percent through June, and shipments lagged 8 percent, according to the Bicycle Product Suppliers Association (BPSA) June sales report.

Posted in North America Tagged Earnings/Financial Reports
Posted August 10, 2009

WESTPORT, CT (BRAIN)—Fox Racing Shox saw a sales decline in the first half of the year as OEM suspension business slowed amid the economic downturn.

Compass Diversified Holdings, parent company of Fox, spoke about Fox’s performance during a conference call with analysts on Monday morning.

Posted in North America Tagged Earnings/Financial Reports
Posted August 10, 2009

TAIPEI, Taiwan (BRAIN)—Sales data for the month of July for three of Taiwan’s largest bicycle manufacturers is a mix of news, according to data from the Taiwan Stock Exchange.

Posted in North America Tagged Earnings/Financial Reports
Posted August 10, 2009

OSAKA, Japan (BRAIN)—Shimano felt the pinch from the global economic recession in the first half of 2009 as a sharp drop in personal consumption led to lackluster sales in both the bicycle components and fishing divisions.

Posted in North America Tagged Earnings/Financial Reports
Posted August 6, 2009

HELSINKI, Finland (BRAIN)—Mavic’s sales declined 15 percent in local currencies for the first six months of the year, according to earnings report released Thursday by Mavic’s parent company, Amer Sports.

Posted in North America Tagged Earnings/Financial Reports
Posted July 30, 2009

MILAN, Italy (BRAIN)—Luxottica sales were up 3.5 percent in the second quarter due in large part by the performance of Ray-Ban and Oakley.

Posted in North America Tagged Earnings/Financial Reports
Posted July 22, 2009

HEERENVEEN, The Netherlands (BRAIN)—Accell Group reported a 15-percent jump in profit for the first half of 2009, as demand for electric bikes boosted the Dutch company.

Posted in North America Tagged Earnings/Financial Reports
Posted May 27, 2009

MONTREAL, Quebec (BRAIN)—Dorel Industries executives reiterated their goal of becoming a global leader in the bicycle industry while speaking to shareholders during the company’s annual general meeting on Wednesday morning.

Posted in North America Tagged Earnings/Financial Reports

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