Earnings/Financial Reports
OLATHE, Kan. (BRAIN) — Led by growth in its Fitness segment, which includes cycling products, Garmin Ltd. revenue increased 14% year-over-year in a record first quarter.
TAIPEI, Taiwan (BRAIN) — Taiwan’s three publicly traded bicycle makers — Giant, Merida, and Ideal — each showed sales revenue declines in March and for the complete first quarter.
OSAKA, Japan (BRAIN) — Sales in Shimano's bike division were down 0.7% in in the first quarter, but operating earnings in the business unit plummeted 46% in the quarter.
EL PASO, Texas (BRAIN) — Helen of Troy — the parent of Osprey and Hydro Flask — recorded a fourth-quarter net sales decrease of 3.3% year-over-year while its Home & Outdoor category (which contains Osprey and Hydro Flask) slipped 1.4%.
STOCKHOLM (BRAIN) — MIPS reported first-quarter net sales increased 30% year-over-year with its Sports sub-category that includes bike helmets rising 24%.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported year-over-year double-digit revenue growth for the fifth consecutive quarter and ended 2025 with double-digit growth in all of its major product categories.
AMSTERDAM (BRAIN) — Pon Holdings is reporting 2025 revenues of 9.7 billion euros ($11.20 billion) across all its businesses, including automotive and bicycle, with its bicycle business revenue totaling "around 2 billion euros."
KOBLENZ, Germany (BRAIN) — Canyon Bicycle's 2025 sales decreased 7% year-over-year amid what it called a challenging market hurt by the oversupply and discounting of electric and non-electric mountain and urban bikes.
TAIPEI, Taiwan (BRAIN) — Three Taiwanese publicly traded bike manufacturers released their full 2025 earnings reports this week, with all three reporting revenue declines in 2025, but two of them showing earnings improvements.
PITTSBURGH (BRAIN) — Dick's Sporting Goods fourth-quarter net sales increased 59.9% year-over-year and 28.1% for 2025 as the company said it benefitted from the acquisition of Foot Locker and a strong holiday season.
SAN MATEO, Calif. (BRAIN) — GoPro revenue increased slightly in the fourth quarter year-over-year but declined 19% for the year as the camera brand announced its AI-enabled processor will be spec'd in some cameras in the second quarter.
VIENNA (BRAIN) — Privately held kids bike manufacturer woom reported its best financial year ever in 2025, with revenue increasing 27% and has now sold more than two million bikes since beginning in 2013.
DULUTH, Ga. (BRAIN) — Fox Factory is reporting fourth-quarter sales of $118 million in its Specialty Sports Group business unit, which contains its bicycle and baseball/softball brands. The figure is 5% down from the fourth quarter last year.
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