NEW YORK, NY (BRAIN) — GPS giant Garmin Ltd. will be included in the Standard & Poor's 500 index starting Thursday, the company announced.
Garmin is traded on the Nasdaq exchange under the ticker symbol GRMN. The company will replace Chicago printer RR Donnelley & Sons (Nasdaq: RRD) on the index.
PITTSBURGH, PA (BRAIN) — Fueled by strong online sales, third-quarter net income at Dick’s Sporting Goods Inc. rose 21 percent, to $50.1 million from $41.5 million a year earlier.
VAN NUYS, CA (BRAIN) — Continuing economic concerns, particularly in Europe, coupled with back-to-back tough snow seasons led to inflated retail inventories and flat sales during the third quarter for Easton-Bell Sports.
CARLSBAD, CA (BRAIN) — Eyewear supplier Spy reported an 8 percent increase in net sales during the third quarter and 10 percent uptick through the first nine months of the year.
LOS ANGELES, CA (BRAIN) — Sports Chalet’s sales for its fiscal second quarter rose 3.9 percent to $91.5 million as same-store sales jumped 5.5 percent for the 13 weeks ended Sept. 30, the sporting goods chain reported Wednesday.
WESTPORT, CT (BRAIN) — Fox sales over the first nine months of the year hit $179.3 million, up $28.8 million from last year. Over the same period, sister company CamelBak saw sales of $121.1 million, $6.4 million over last year, according to financial data released by parent company, Compass Diversified Holdings.
OSAKA, Japan (BRAIN) — Growing sales in North America and Asia boosted Shimano’s sales over the first nine months of the year to $2.3 billion (182.7 billion Yen), compared to $2 billion (161.6 billion Yen) over the same period last year.
HELSINKI, Finland (BRAIN) — Mavic sales rose 7 percent in the third quarter of the year led by increased sales in helmets, apparel and footwear, according to an earnings report released by Amer Sports.
SCHAFFHAUSEN, Switzerland (BRAIN) —Dr. Min H. Kao, the "Min" in Garmin and the company's chairman and CEO, has established a plan to sell a portion of his shares in the company over a designated period.
Two of Kao's family trusts, of which he is a trustee, also will sell shares.
FRIEDRICHSHAFEN, Germany (BRAIN)—SRAM president Stan Day said on Thursday he still feels taking the company public is the right decision for the long-term, and will initiate an IPO as soon as stability and visibility improves in global financial markets.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle tempered its full-year revenue forecast on Thursday due to a weaker than expected spring selling season caused by poor weather in much of Northern Europe.
VAN NUYS, CA (BRAIN)—Easton-Bell Sports' sales grew slightly to $214.1 million over the second quarter of 2012, an increase of 1 percent as compared to $211.9 million over the same period last year.
Dorel Industries, the owner of Cannondale, Schwinn, GT and other bike brands, is reporting that unfavorable currency conditions reduced earnings in its bike division by about $2.5 million in its second quarter.
LOS ANGELES, CA (BRAIN) Wednesday August 8 2012 4:14 PM MT—Sport Chalet on Wednesday reported its first profitable fiscal first quarter in five years as same-store and online sales showed improvement for the period ended July 1.
WATSONVILLE, CA (BRAIN)-Fox Racing Shox sold $17.6 million more suspension products this year than last, pushing its sales to $106.4 million over the first half of the year.
OSAKA, Japan (BRAIN) Friday August 3 2012 8:24 AM MT—Shimano’s sales through the first half of the year hit $1.58 billion (123.56 billion Yen), a 15 percent increase over the same period last year.
HELSINKI, Finland (BRAIN) Thursday August 2 2012 2:17 PM MT—Mavic sales inched up 2 percent in the second quarter of the year according to an earnings report released Thursday by its parent company, Amer Sports.
SCHAFFHAUSEN, Switzerland (BRAIN)—Sales in the outdoor and fitness markets helped lead Garmin, Ltd. to a 7 percent increase in total revenue in its second quarter, to $718 million.
HEERENVEEN, Netherlands (BRAIN) Thursday July 26 2012 7:05 AM MT—Accell Group N.V.
LOS ANGELES, CA (BRAIN) Monday June 4 2012 5:39 PM MT— Sport Chalet saw same-store sales drop 5.3 percent in its fiscal fourth quarter, contributing to a loss of $3.8 million, as unseasonably mild weather continued to be a drag on earnings.