Earnings/Financial Reports

Posted October 27, 2015

OSAKA, Japan (BRAIN) — Shimano says its bike and e-bike component sales have been strong globally in the first three quarters of 2015, with double-digit percentage increases in sales despite unfavorable weather in Europe and North America.

Posted October 22, 2015
Mavic sales by quarter

HELSINKI (BRAIN) — Sales in Amer Sports Corp.'s cycling business — via its Mavic brand — were down 5 percent in its third quarter, which ended Sept. 30, and up 1 percent year to date compared with the same period last year.

Posted August 12, 2015

SALT LAKE CITY (BRAIN) — Outdoor supplier Black Diamond, Inc., which owns the POC brand, generated record sales in its second quarter, which ended June 30.

Posted August 6, 2015
Decline in sales in Europe and North America, and foreign exchange losses impact earnings.

MONTREAL (BRAIN) — Dorel Industries reported that second-quarter revenue for its bike business, Dorel Sports, was down $35.2 million or 12.3 percent compared to the same quarter last year. Revenue totaled $251.1 million compared to last year's $286.2 million for the segment.

Posted August 5, 2015
Easton and Race Face sales contribute to increase; company raises its fiscal year guidance.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. said Wednesday that its sales in the first half of its fiscal year were up 15.8 percent, to $165 million.

Posted July 30, 2015

OLATHE, Kan. (BRAIN) — Garmin shipped 8 percent more units in the second quarter than a year earlier but saw revenue edge slightly lower as unfavorable currency rates reduced revenue by $59 million and negatively affected margins during the period.

Posted July 30, 2015
Bike-related sales were up nearly 30 percent.

OSAKA, Japan (BRAIN) — Shimano Inc. sales were up nearly 26 percent in the first half this year, to 197 billion yen ($1.6 billion) worldwide. Bike sales were up 29.7 percent. The company said a solid economy in the U.S. contributed to the results, as did the continued depreciation of the yen.

Posted July 29, 2015

HELSINKI (BRAIN) — Mavic sales were up 3 percent globally in the first half of this year, as its parent company Amer Sports Corporation recorded a net sales increase of 9 percent, to 461.1 million euros ($509 million). 

Posted July 24, 2015
Growth from e-bike sales in Europe; North American performance 'below expectations.'

HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. noted that operating profit in the first half of the year was up 29 percent to $53.8 million (€49.1 million), while net profit was up 21 percent to $34.9 million (€31.9 million).

Posted July 23, 2015

SEYMOUR, Conn. (BRAIN) — Thule Group is reporting a net sales increase of 20 percent in its second quarter, a result helped by favorable currency fluctuations. In currency neutral figures, the Sweden-based company saw a 6.4 percent sales increase in the quarter, which ended June 30.

Posted July 22, 2015

SAN MATEO, Calif. (BRAIN) — GoPro, Inc. revenue hit $420 million in its second quarter, which ended June 30, a 72 percent increase year over year.

GoPro's founder and CEO, Nicholas Woodman, noted the company's "aggressive pace of innovation."

Posted May 19, 2015
Same-store sales up 1.8 percent

PITTSBURGH (BRAIN) — Dick’s Sporting Goods, Inc. reported a sales increase of 8.8 percent in its first quarter, which ended May 2. The company's net sales were $1.6 billion, or $0.53 per diluted share; same store sales were up 1.8 percent from the same time in 2014.

Posted May 7, 2015
Organic revenue up 3 percent in bike business excluding currency issues. Growth buoyed by IBD sales in Europe, Japan and Brazil. U.S. market off to slow start.

MONTREAL (BRAIN) — While worldwide currencies have somewhat stabilized against the U.S. dollar, foreign exchange rates dealt a major blow to Dorel's first-quarter earnings across all of its business divisions, officials told analysts during a call Thursday morning.

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