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Earnings/Financial Reports

Posted August 18, 2010

TAIPEI, Taiwan (BRAIN)—Revenue from Ideal Bike Corporation’s Taiwan operations rebounded in July after nearly a year on the decline, according to revenue figures released on the Taiwan Stock Exchange.

Posted in North America Tagged Earnings/Financial Reports
Posted August 18, 2010

WASHINGTON, D.C. (BRAIN)—Imports of kids’ bikes through June showed no signs of slowing, according to figures from the U.S. Department of Commerce. Sidewalk bikes, 20-inch and 24-inch categories were up 32, 23 and 51 percent, respectively, compared to the same month in 2009.

Posted in North America Tagged Earnings/Financial Reports
Posted August 16, 2010

VAN NUYS, CA (BRAIN)—Giro has announced plans to broaden its product portfolio with a new line of men’s and women’s cycling shoes set to launch this fall.

Posted in North America Tagged Earnings/Financial Reports
Posted August 9, 2010

WESTPORT, CT (BRAIN)—Fox Racing Shox second quarter revenue saw healthy gains, increasing $4.8 million—a 16.1 percent increase for the same time period in 2009.

Posted in North America Tagged Earnings/Financial Reports
Posted August 5, 2010

MONTREAL (BRAIN)—Dorel’s bike business increased nearly 8 percent in the second quarter of the year despite impacts from global issues such as currency exchange rates and shipping container shortages.

Posted in North America Tagged Earnings/Financial Reports
Posted August 5, 2010

HELSINKI, Finland (BRAIN)—Mavic’s sales inched up 2 percent in the second quarter of the year and 5 percent for the first half of 2010.

Posted in North America Tagged Earnings/Financial Reports
Posted July 27, 2010

OSAKA, Japan (BRAIN)—In spite of an unseasonably cold and wet January and February, Shimano’s sales increased by $164.4 million to $1.2 billion through June, beating its own forecast.

Posted in North America Tagged Earnings/Financial Reports
Posted July 23, 2010

HEERENVEEN, the Netherlands (BRAIN)—Accell Group said net profit increased 9 percent through the first half of 2010 while turnover was up 3 percent.

Posted in North America Tagged Earnings/Financial Reports
Posted July 6, 2010

BY MATT WIEBE

Bicycles are the answer to dependence on fossil fuels, growing carbon emissions, urban congestion, obesity and a variety of health issues—a perfect storm sure to sweep new bike buyers into shops. So where were the customers last year?

Posted in North America Tagged Earnings/Financial Reports
Posted June 7, 2010

MONTREAL, Quebec (BRAIN)—Dorel Industries’ top bike executive spoke to investors for about 45 minutes during a recent investor relations meeting, highlighting the company’s strategy for growth in the year ahead.

Posted in North America Tagged Earnings/Financial Reports
Posted May 31, 2010

WASHINGTON, D.C. (BRAIN))—Frame and fork exporters, who ended February 67 percent above the year before, really picked up sales over the first quarter. By the end of March they had almost doubled their shipments over 2009, shipping 316,481 kilos of frames and forks, an increase of 155,890 kilos so far this year.

Posted in North America Tagged Earnings/Financial Reports
Posted May 27, 2010

MONTREAL, Quebec (BRAIN)—Dorel Industries’ CEO Martin Schwartz told company shareholders on Thursday that he expected momentum in the bike business to continue into 2010 buoyed by innovative new products and rebounding consumer confidence.

Posted in North America Tagged Earnings/Financial Reports
Posted May 18, 2010

WASHINGTON, D.C. (BRAIN)—U.S. suppliers upped their imports of kids’ bikes by 678,433 units across all juvenile categories through the first quarter, according to numbers from the Department of Commerce. That represents a 48 percent increase over last year.

Posted in North America Tagged Earnings/Financial Reports
Posted May 18, 2010

TAICHUNG, Taiwan (BRAIN)—April revenue at Taiwan’s top two bike manufacturers was up more than 30 percent over the same month last year, potentially indicating an early push for global production of 2011 bikes.

Posted in North America Tagged Earnings/Financial Reports
Posted May 12, 2010

VAN NUYS, CA (BRAIN)—Daily order writing and OEM business for Easton Bell Sports’ cycling brands is starting to pick up after a challenging 2009, Paul Harrington, chief executive officer of Easton Bell Sports, said on Monday.

Posted in North America Tagged Earnings/Financial Reports
Posted May 10, 2010

WESTPORT, CT (BRAIN)—First quarter revenue soared almost 63 percent for Fox Racing Shox due in part to strong sales of mountain biking product, according to earnings figures reported Monday by the company’s parent, Compass Diversified Holdings.

Posted in North America Tagged Earnings/Financial Reports
Posted May 6, 2010

MONTREAL, Quebec (BRAIN)—Revenue and profit grew in Dorel Industries’ bike division during the first quarter of the year as early spring weather and rebounding consumer confidence drove sales at independent bike shops and mass merchants, according to first quarter earnings results released by the company on Thursday

Posted in North America Tagged Earnings/Financial Reports
Posted April 29, 2010

WASHINGTON, D.C. (BRAIN)—Imports across all categories were up 12 percent through February, with strong gains in kids' bikes offsetting losses in adult bike categories, according to the most recent Department of Commerce import report.

Posted in North America Tagged Earnings/Financial Reports
Posted April 29, 2010

MILAN, Italy (BRAIN)—Oakley continued its strong upward curve in the first quarter of 2010 with double-digit growth in the high teens, Andrea Guerra, chief executive officer of Luxottica Group, Oakley’s Italian parent company, said on Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted April 29, 2010

HELSINKI, Finland (BRAIN)—Mavic showed signs of a rebound in the first three months of 2010, posting sales gains of 8 percent for the period, according to first-quarter earnings results released Thursday by Mavic’s parent company, Amer Sports.

Posted in North America Tagged Earnings/Financial Reports

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