Earnings/Financial Reports

Posted May 12, 2021

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported its best quarter in company history with revenue increasing 71% year-over-year, driven by 109% surge in mountain bike and motocross helmet sales.

Posted May 6, 2021

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue grew 71% year-over-year in the first quarter buoyed by online sales that jumped 224% in the same period.

Posted May 6, 2021

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory on Thursday announced its highest quarterly revenue in company history, driven in part by an 85.5% growth in its bicycle-product division.

Posted May 6, 2021
A slide from Vista Outdoor's presentation Thursday.

NEW YORK (BRAIN) — Vista Outdoor's Action Sports group, which includes its bike helmet and accessory brands Bell, Giro, and Blackburn, recorded a 50% revenue growth in the most recent quarter, compared to a year earlier.

Posted April 29, 2021

OSAKA, Japan (BRAIN) — Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%.

Posted April 29, 2021

STOCKHOLM (BRAIN) — Driven by continued global bicycle helmet demand, MIPS' net sales increased 48% year-over-year in one of the helmet technology company's best-ever first quarters.

Posted April 28, 2021

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported first-quarter revenue grew 25% year-over-year, boosted by demand for cycling products that included the release of the Rally power meter pedal series.

Posted April 22, 2021
On Earth Day, Thule also announced new long-term sustainability goals.

STOCKHOLM (BRAIN) — Thule Group net sales for the first quarter of the year increased 46% year-over-year, which was helped by sales in the Americas that jumped 83% after currency adjustment.

Sport and cargo carriers drove the Region Americas growth with bike product demand leading the way.

Posted March 29, 2021
E-bikes now represent 26% of the group's revenues.

TAICHUNG, Taiwan (BRAIN) — Giant Group is reporting that its sales last year were up 10.3% over 2019, to NT$70.01 billion ($2.45 billion). Net profit was up 46.7%, to NT$4.95 billion. Earnings per share was NT$13.19. 

Posted March 24, 2021

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation, a protective gear maker for mountain bikers and motorcyclists, saw record revenues and earnings in its fourth quarter and for its full-year 2020.

Posted March 12, 2021
Dorel says supply constraints, increased shipping costs and CSG's switch to calendar-year models impacted Q4 profits.

MONTRÉAL (BRAIN) — Dorel Sports recorded a 14% sales increase in its fourth fiscal quarter and a 15% increase for its full fiscal year, which ended Dec. 30. Dorel Sports is the division of Dorel Industries that holds its bike brands, including Cannondale, Schwinn, GT and others.

Posted March 9, 2021

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported fourth-quarter net sales increased 19.8% year-over-year, driven by e-commerce and consolidated same store sales. For the year, net sales grew 9.5% over 2019.

Posted March 5, 2021
The Dutch company saw a sales increase of 17% last year.

HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.

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