Earnings/Financial Reports

Posted March 26, 2015

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation, a maker of protective gear for motorsports and bicycling, announced 2014 revenues of $18.5 million, up 24 percent over its 2013 sales. 

Posted in International Tagged Earnings/Financial Reports
Posted March 23, 2015

SEATTLE (BRAIN) – Outdoor retailer REI has reported record revenue of $2.2 billion dollars for 2014, up 9.9 percent from 2013. It also reported the highest ever dividend payout, returning $168 million to its 5.5 million active co-op members last year.

Posted in Retail News Tagged Earnings/Financial Reports
Posted March 16, 2015
Strong U.S. dollar cuts into profits from overseas markets.

MONTREAL (BRAIN) — The bike business continued to rebound through the final quarter of 2014 for Dorel Industries, the Canadian parent of Cannondale Sports Group and Pacific Cycle, which includes the Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse, Guru Fit and Sugoi brands.

Posted in North America Tagged Earnings/Financial Reports
Posted March 4, 2015
Port slowdown has little effect on fiscal-year earnings but is expected to have an adverse impact in early 2015.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp.’s sales rose 12.5 percent last year to $306.7 million despite a 1 percent decline in mountain bike product sales as the company’s first-quarter acquisition of aftermarket suspension distributor Sport Truck contributed to a 39 percent surge in sales of powered vehicle products for the full year.

Posted in North America Tagged Earnings/Financial Reports
Posted February 17, 2015

HELSINKI (BRAIN) — Mavic’s worldwide sales were up 16 percent in the final months of 2014, capping an 8 percent increase for the year in Amer Sports’ cycling division.

Posted in International Tagged Earnings/Financial Reports
Posted February 12, 2015

OSAKA, Japan (BRAIN) — Shimano pocketed an extra $518.7 million last year as sales hit $2.8 billion (333.168 billion yen), with most of the increase coming from the company's cycling division.

Posted in International Tagged Earnings/Financial Reports
Posted January 29, 2015
New products to reflect currency changes with higher prices.

MONTREAL (BRAIN) —  Dorel Industries, parent of Cycling Sports Group and its stable of brands, including Cannondale, GT, Schwinn, Caloi and Sugoi, expects the surge in value of the U.S. dollar to have a “significant negative effect” on its earnings through 2015.

Posted in North America Tagged Earnings/Financial Reports
Posted January 20, 2015

MILAN (BRAIN) — Luxottica SpA reported Monday that 2014 sales rose 5.3 percent to 7.7 billion euros ($8.9B) as strong performance in North American buoyed the eyewear giant’s bottom line.

Posted in International Tagged Earnings/Financial Reports
Posted November 7, 2014

CARLSBAD, Calif. (BRAIN) — Spy Inc. reported this week that third-quarter sales rose 8.1 percent to $11 million, driven by strong sales of goggles and prescription frames. Income from operations increased by $100,000 to $600,000 in the quarter, compared with $500,000 a year earlier.

Posted in North America Tagged Earnings/Financial Reports
Posted November 6, 2014

MONTREAL (BRAIN) — Dorel Industries posted yet another quarter of positive growth in its bike business.

Posted in North America Tagged Earnings/Financial Reports
Posted October 31, 2014

OSAKA, Japan (BRAIN) — When the Bank of Japan announced a massive new stimulus program Friday, world stock markets jumped and the yen dropped to its lowest point since early 2008. But the news is unlikely to change Shimano Inc.’s financial forecast for the remainder of the year.

Posted in International Tagged Earnings/Financial Reports

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