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.
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.
SCOTTS VALLEY, Calif. (BRAIN) — "Alternative logistics" helped Fox Factory exceed its sales expectations for the first quarter, despite the West Coast port shutdowns.
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
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
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.
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.
MONTREAL (BRAIN) — Dorel Industries posted yet another quarter of positive growth in its bike business.
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.
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