Earnings/Financial Reports

Posted May 12, 2022

TAIPEI, Taiwan (BRAIN) — Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year.

Posted May 12, 2022

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported its seventh consecutive quarter of record-breaking revenue, with first-quarter revenue increasing 88% year-over-year, led by mountain bike and moto helmet sales.

Posted May 9, 2022
Photo from Orbea's factory in Mallabia, Spain.

ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.

Posted May 6, 2022
Bike-related sales notch 8th consecutive record quarter

DULUTH, Ga. (BRAIN) — Fox Factory’s CEO says the mountain bike industry will return to something like normal in the fourth quarter this year and he expects Fox’s bike-product sales to return to a more traditional growth rate following several years of very high growth.

Posted May 5, 2022

SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue was up 6% year-over-year with the company's profitability being credited to adopting a more direct-to-consumer subscription-oriented business model.

Posted April 28, 2022
Aided by the Osprey acquisition, Helen of Troy reports net sales increase 14% in Q4.
Layne Rigney. Photo courtesy Osprey.

CORTEZ, Colo. (BRAIN) — Osprey Packs announced Thursday that CEO Layne Rigney will leave the company at the end of the day following nearly six years. Rigney recently guided Osprey through the Helen of Troy acquisition.

Posted April 28, 2022

STOCKHOLM (BRAIN) — Helmet technology company MIPS increased first-quarter net sales by 65% year-over-year with its Sports division growth being led by snow products and less by the bike products.

Posted April 27, 2022

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue despite a 28% decrease in sales in its fitness division, which includes Garmin's cycling products.

Posted April 26, 2022

TOKYO (BRAIN) — Sales in Shimano's bike-product division were up 14% in the first quarter, compared to the same period last year. However the company said the pandemic-driven bike boom "showed signs of cooling down."

Posted April 26, 2022

STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales increased 20% despite continued pandemic hurdles — including global supply chain challenges, rising costs in raw materials and shipping, and employee absenteeism — and most recently the war in Europe.

Posted March 25, 2022

TAIPEI, Taiwan (BRAIN) — Giant Group says its full-year 2021 sales were 81.8 billion New Taiwan dollars ($2.85 billion), up 17% from 2020.

Posted March 11, 2022

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the health club operator that also owns major cycling events such as Sea Otter Classic, UNBOUND Gravel, and the Leadville 100, recovered from pandemic club shutdowns in 2021 to see a 57.8% increase in company-wide revenues, to $1.3 billion.

Posted March 11, 2022

MONTRÉAL (BRAIN) — Dorel Industries is reporting that its Dorel Sports division recorded a 12.2% increase in revenues last year, its final year before the bike division's sale to Pon Holdings. The acquisition was completed on Jan. 4.

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