Earnings/Financial Reports

Posted May 15, 2018

TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing's first-quarter earnings report offers a look at how the e-bike market is changing the look of the bicycle industry.

Premium e-bike sales drove Giant's growth in the first quarter, accounting for more than 30 percent of its quarterly revenue.

Posted in International Tagged Earnings/Financial Reports
Posted May 9, 2018

ORLANDO, Fla. (BRAIN) — Recumbent trike manufacturer Catrike stated Wednesday that revenue grew 23 percent in its 2018 fiscal year.

Posted in Industry News Tagged Earnings/Financial Reports
Posted May 4, 2018
Weather also slowed the start to bike sales in spring, company says.
Photo by Phillip Pessar via Wikimedia Commons.

MONTRÉAL (BRAIN) — Dorel Industries, which operates three divisions including home, juvenile and sports businesses, reported that Toys R Us' liquidation impacted all three, resulting in a first-quarter impairment loss of $12.5 million total — about $2.1 million in home, $3.8 million in juvenile and $6.6 million in its sports segment, which includes its bike brands.

Posted in Industry News Tagged Earnings/Financial Reports
Posted May 3, 2018
Company cites strong sell-through of streamlined product lineup and expects new entry-level camera to buoy Q2.
GoPro launched the $199 entry-level Hero camera at the end of the first quarter.

SAN MATEO, Calif. (BRAIN) — GoPro on Thursday posted a narrower-than-expected first-quarter loss on strong sell-through of its Hero5 Black and Hero6 Black action cameras.

Posted in Industry News Tagged Earnings/Financial Reports
Posted May 3, 2018
A scene from the 2017 Interbike show.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions Events on Thursday reported 4.8 percent revenue growth for the first quarter. Revenue reached $142.2 million, compared with $135.7 million for the same quarter last year. 

Posted in Industry News Tagged Earnings/Financial Reports / Interbike
Posted May 2, 2018
Fox introduced the Step Cast 34 fork at Sea Otter.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. said sales in its bike product division, which includes Fox, Marzocchi, Race Face and Easton Cycling, were up 10.3 percent in the first quarter, which ended March 30. The company said original equipment orders drove the sales increase.

Posted in Industry News Tagged Earnings/Financial Reports
Posted May 2, 2018
The new Garmin Edge 520 Plus.

OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported record first-quarter revenue of $711 million, up 11 percent, on improved sales of outdoor, fitness, aviation and marine products. Those gains offset continuing declines in the company’s automotive business.

Posted in Industry News Tagged Earnings/Financial Reports
Posted May 1, 2018
CEO says canceled orders over firearms controversy had little effect on the company and that its plan was in development long before the dispute.

FARMINGTON, Utah (BRAIN) — Vista Outdoor Inc. plans to sell its Bell, Giro and Blackburn brands — and its Savage and Stevens firearms brands — and return its focus to ammunition sales.

Posted in Industry News Tagged Earnings/Financial Reports
Posted April 26, 2018

MALLABIA, Spain (BRAIN) — Orbea, an employee-owned co-op organization, announced this week that its first quarter sales were up 26 percent, to 28 million euros ($34.1 million). 

Posted in International Tagged Earnings/Financial Reports
Posted April 26, 2018
Mavic introduced an expanded Allroad wheel and apparel line this spring.

HELSINKI (BRAIN) — Sales in Amer Sports' cycling division, comprising the Mavic and Enve brands, were down 12 percent in local currencies in the first quarter, to 32.1 million euros ($38.9 million). The company said its cycling sales were "adversely impacted by lower OEM orders."

Posted in International Tagged Earnings/Financial Reports
Posted April 24, 2018

OSAKA, Japan (BRAIN) — Shimano said a mild economic expansion in Europe, a buoyant labor market in North America, and a moderate recovery in Japan contributed to a 5.1 percent net sales increase in its bicycle division in the opening quarter of 2018, compared to the same period last year.

Posted in International Tagged Earnings/Financial Reports

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