Earnings/Financial Reports
CARLSBAD, Calif. (BRAIN) — Spy Inc. on Wednesday reported an 18 percent decrease in second-quarter sales compared with a year earlier, ending 12 consecutive quarters of year-over-year growth at the optical brand.
MONTREAL (BRAIN) — Dorel Industries, parent company of Cannondale Sports Group and Pacific Cycle, which includes the Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and Sugoi brands, reported double-digit revenue growth in the second quarter across its bike segment.
OSAKA, Japan (BRAIN) — Shimano's overall sales were $1.52 billion (156.3 billion Yen) over the first six months of the year, compared to $1.3 billion (133.1 billion Yen) last year.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. reported overall revenue gains for the first six months of the year. Revenue was up 4 percent to 506.2 million euros ($679.8 million), up from 503.8 million euros ($676.6 million) in the first half of 2014.
HELSINKI, Finland (BRAIN) — Mavic's sales have grown 10 percent in the first half of 2014, thanks especially to strong sales in the April-June period, the brand's parent, Amer Sports, announced Thursday.
KETCHUM, Idaho (BRAIN) — Clothing brand Club Ride says its second quarter sales were up 37 percent compared to the same period last year to $718,000.
Sales for the first half of the year grew from $1.2 million last year to nearly $1.6 million this year.
NEW YORK (BRAIN) — Action camera maker GoPro went public Thursday morning, with shares priced at $24 and opening at $28.65 on the New York Stock Exchange, where GoPro founder Nick Woodman rang the opening bell.
By mid-morning the stock, trading under the GPRO symbol, was trading at close to $32.
OSAKA, Japan (BRAIN) — Shimano’s sales hit $742.2 million (75.7 billion yen) over the first quarter, compared to $620.5 million (63.3 billion yen) over the same period last year. Sales in its bike division hit $598.6 million (61.1 billion yen), an increase of 19 percent.
WESTPORT, Conn. (BRAIN) — CamelBak sales over the first quarter were $38.8 million, down from $42.8 million last year. CamelBak is a division of Compass Diversified Holdings, which published its first quarter earnings this week.
MONTREAL (BRAIN) — The bike division at Dorel Industries saw revenues grow 18 percent during the first quarter, with gross profit and operating profit also up 17 and 71 percent, respectively. Officials pointed to better sales and cost control for the improvement over last year.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory sales increased 2.2 percent to $56.1 million over the first quarter, up from $54.9 million last year. But sales of mountain bike products decreased 4.4 percent , offset by a 14.1 percent increase in sales of powered vehicle products.
CARLSBAD, Calif. (BRAIN) — Optical brand Spy Inc. on Tuesday reported its 12th consecutive quarter of revenue growth as sales ticked up 2 percent in the first quarter of 2014.
SALT LAKE CITY (BRAIN) — Outdoor supplier Black Diamond Inc., which owns the protective brand POC, is reporting that its first-quarter 2014 sales were up 7 percent, to $54.5 million, while gross margins were up 70 basis points to 38.4 percent.
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