Earnings/Financial Reports

Posted September 2, 2022
Supply-chain constraints limit sales; company opens new office in Taiwan.
Felt shared display space with Husqvarna at the Eurobike show in July.

Wels, AUSTRIA (BRAIN) — Pierer Mobility AG — the Austrian company that owns Felt Bicycle and the Husqvarna, GASGAS and R Raymon e-bike brands — said its sales of e-bikes were down 12% in the first half, partly due to supply chain constraints.

Posted August 25, 2022

NEW YORK (BRAIN) — Peloton Interactive reported a fourth-quarter net operating loss of $1.2 billion on Thursday as the indoor fitness company continues its downturn following rapid growth during the pandemic. It was the sixth consecutive quarter of reported losses.

Posted August 23, 2022

PITTSBURGH (BRAIN) — Dick's Sporting Goods' second-quarter net sales declined 5% year-over-year and comparable store sales were down 5.1%.

Posted August 11, 2022

CHANHASSEN, Minn. (BRAIN) — Life Time, a fitness center operator that also owns the Sea Otter Classic, the Leadville 100, Unbound Gravel and other bike events, reports that revenues were up 50% in the first half of 2022 as its fitness facilities re-opened and events resumed after COVID-19 closures.

Posted August 11, 2022

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation second-quarter revenue increased 25% year-over-year, the 17th consecutive quarter of growth.

Posted August 10, 2022

DRESDEN, Germany (BRAIN) — Germany-based bike e-commerce retailer BIKE24 said its sales were up just 1% in the first half of its fiscal year to 128.8 million euros ($132 million) amid what the retailer called "a challenging environment." The company pointed to its expansions into the French, Spanish and Italian mark

Posted August 9, 2022

NEW YORK (BRAIN) — Emerald Expositions, the owner of the Outdoor Retailer shows and Interbike, saw its revenues rebound 376% in the second quarter as trade shows resumed following two years of COVID cancellations.

Posted August 5, 2022

WESTPORT, Conn. (BRAIN) — Compass Diversified, the parent of BOA Technologies, PrimaLoft and Lizard Skins, among other brands, announced sales growth of 19% in its second quarter. 

Posted August 5, 2022

DULUTH, Ga. (BRAIN) — Revenues in Fox Factory’s bicycle-related businesses were up 35% in the first half of the year compared with the same period last year. Sales in the division, which includes business under the Fox suspension, Easton, RaceFace and Marzocchi brands, totaled $348 million. 

Posted August 5, 2022

TAIPEI, Taiwan (BRAIN) — Giant Group announced its first half consolidated sales were NT$45.01 billion ($1.5 billion ), a 7.2% increase over the first half last year.

Posted August 4, 2022

SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue grew slightly year-over-year, while the sport camera brand reported a 65% jump in subscribers during the period.

Posted July 27, 2022

ANOKA, Minn. (BRAIN) — Vista Outdoor reports that its sales grew 21% in its fiscal first quarter, mostly due to a double-digit sales increase in its Sporting Products division, which includes its ammunition brands. In its Outdoor Products division, which includes the bike-related brands Bell, Giro, Blackburn, CamelBak, and QuietKat, sales were down 2%.

Posted July 27, 2022

OLATHE, Kan. (BRAIN) — Decreased demand in cycling and advanced wearable products led to a 6% year-over-year revenue decline for Garmin Ltd. in the second quarter.

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