Earnings/Financial Reports
PITTSBURGH (BRAIN) — Dick's Sporting Goods' net sales increased 6% in the third quarter compared to the same time last year, the company's biggest quarterly increase since 2013.
TAICHUNG, Taiwan (BRAIN) — Giant Group continues to post strong growth in revenue through the first three quarters of the year, driven by a 40% increase in European sales of its e-bikes.
CAPE TOWN, South Africa (BRAIN) — Leatt Corp.'s third quarter was its strongest ever, according to its chief executive officer, with the protective gear brand's global revenue increasing 12% compared to the same time last year.
SHANGHAI, China (BRAIN) — Bafang Electric has debuted on the Shanghai Stock Exchange, selling 30 million shares on the capital market and raising 1.3 billion Yuan ($186 million). The shares account for 25% of the company's total share capital.
STOCKHOLM (BRAIN) — Net sales for MIPS continue to increase in 2019, with the helmet technology company reporting 38% growth during the first nine months.
MONTREAL (BRAIN) — Dorel Sports reported third-quarter revenue increased 14.2% from the same time last year, while Dorel Industries Inc. earnings as a whole jumped 2.3% during the same period.
NEW YORK (BRAIN) — Sales by Vista Outoor's action sports brands, which include Bell and Giro, were flat in the company's second quarter, ending Sept. 29.
Quarterly revenue in the category totaled $83.9 million, down less than 1% from the period last year, when the category registered $84.7 million.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. third-quarter revenues dropped 54.1% compared to the same time last year, a development the company expected because of a production delay.
NEW YORK (BRAIN) — Peloton's subscription revenue increased 103% in its first quarter as a public company, compared to the same quarter last year, the company reported Tuesday.
BRASELTON, Ga. (BRAIN) — Fox Factory's sales through its bike brands — Fox suspension, Marzocchi, RaceFace and Easton — were up 4.6% for the first three quarters this year, and up 0.5% in the third quarter, which ended Sept. 27.
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported Wednesday that third-quarter revenue increased 15% over the prior year's quarter with its fitness sales — boosted by the Tacx acquisition — growing 28%.
OSAKA, Japan (BRAIN) — Shimano is reporting that sales in its bike division were up 6.3% in the first three quarters of this year, compared to the same period last year.
STOCKHOLM (BRAIN) — Thule Group is reporting healthy sales in its third quarter in all markets except the U.S., where uncertainty about tariffs has caused some retailers to reduce orders.
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