Earnings/Financial Reports
TAIPEI, Taiwan (BRAIN) — Ideal Bike and Merida Industries, two Taiwan-based bike manufacturers, have filed their first-quarter earnings reports with the Taipei stock exchange.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue in the first quarter increased 45% year-over-year driven by a 101% rise in helmet revenue during the period.
TAICHUNG, Taiwan (BRAIN) — Giant Group says a “significant rebound in OEM orders” fueled a 4.9% increase in group revenues in the first quarter compared to the same quarter last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the first quarter declined 14% year-over-year despite the company reducing operating expenses during the period.
DULUTH, Ga. (BRAIN) — Fox Factory saw first-quarter year-over-year sales growth across its three divisions, including a 6.6% increase in sales in its Speciality Sports Group, which contains its bicycle and baseball/softball brands. Company-wide the growth exceeded estimates.
SEATTLE (BRAIN) — REI Co-op net sales for 2024 declined 6.2% year-over-year with new CEO Mary Beth Laughton acknowledging a challenging marketplace "and yet I remain hopeful."
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.
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