Earnings/Financial Reports
OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenue grew 11% year-over-year with the Fitness segment increasing 12% during the same period.
STOCKHOLM (BRAIN) — Thule Group first-quarter net sales increased 10% year-over-year, aided by the acquisition of Quad Lock, but North American organic sales declined, leading the company to i
VIENNA (BRAIN) — Privately held kids bike manufacturer woom reported its best quarterly result in company history achieving 44 million euros ($50 million) in sales in the first quarter.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent Helen of Troy will freeze inventory purchases from China during what it called "volatile times" because of tariff increases while reporting fourth-quarter and yearly net sales declines.
OSAKA, Japan (BRAIN) — Shimano is sticking to its original guidance for net sales and operating income for the rest of the year after reporting a 15.6% year-over-year increase in revenue in its bike division for the first quarter.
STOCKHOLM (BRAIN) — MIPS reported net sales for the first quarter increased 40% year-over-year and added that bike helmet inventory has "largely normalized" globally.
TAIPEI, Taiwan (BRAIN) — Taiwanese manufacturer Merida Industry Co., which owns 35% of Specialized Bicycle Company, recorded a non-operating loss of over $100 million related to that investment in 2024, as the U.S. bike brand took a deferred tax loss and write-downs on its retail operations.
TAIPEI, Taiwan (BRAIN) — Giant Group reports that its operating profits declined 60% last year as it wrote down NT$1.9 billion ($57.6 million) in inventory provision losses, recognizing the decline in inventory value due to discounting.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales slightly increased year-over-year in the fourth quarter, while full-year net sales rose 3.5%.
DULUTH, Ga. (BRAIN) — Continued inventory “recalibrations” in the global industry and uncertainty about consumer and bike-maker demand has Fox Factory executives cautiously forecasting flat sales in its bike-product segment this year.
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2024 buoyed by a year-over-year 23% increase in the fourth quarter that was led by Fitness segment sales.
TOKYO (BRAIN) — Shimano’s sales last year amounted to 451 billion yen ($2.94 billion), down 4.9% from the year before. Operating income and ordinary income also were down while net income was up 25%.
STOCKHOLM (BRAIN) — Thule Group net sales for the fourth quarter increased 7.2% year-over-year thanks to revenue from Thule's recent acquisition, Quad Lock.
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