Earnings/Financial Reports

Posted October 24, 2024

STOCKHOLM (BRAIN) — MIPS' year-over-year net sales jumped 61% in the third quarter boosted by growth in the Sports category, which includes bike helmets. The company attributed the growth to inventory levels improving industry-wide.

Posted October 23, 2024

LONDON (BRAIN) — Rapha Racing LTD’s total revenues totaled 110 million pounds ($139.7 million at January’s exchange rate) in the 12 months that ended Jan. 28, 2024, down 7% percent from the preceding 12-month period and down from 138 million pounds the year before that.

Posted October 23, 2024

STOCKHOLM (BRAIN) — Thule Group net sales in the third quarter increased 1.4% year-over-year, but its CEO said the North American market continues to lag "with cautious consumers and retailers."

Posted September 4, 2024

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.8% in the second quarter and improved its full-year outlook.

Posted August 12, 2024

TAIPEI, Taiwan (BRAIN) — Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year.

Posted August 12, 2024

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation second-quarter revenue was down 18% year-over-year, but CEO Sean Macdonald said the cycling and motorcycle protective brand sees signs of future growth.

Posted August 12, 2024

SAN MATEO, Calif. (BRAIN) — GoPro Inc.'s second-quarter revenue declined 23% year-over-year with retail-channel sales down 17% during the same period.

Posted August 6, 2024

ANOKA, Minn. (BRAIN) — Sales declined 13.6% and gross profit decreased 14.2% in the most recent quarter for Vista Outdoor's Revelyst business unit, which includes its bicycle-related brands. The company continues to negotiate with two potential buyers for its Kinetic Group ammunition business and for the entire business. And its board recently announced it's exploring "a full range of alternatives" for Revelyst.

Posted August 1, 2024

Fox said sales of its bike products in the half were down $87.9 million — or 39.3% — from the same period last year.

Posted July 31, 2024

OLATHE, Kan. (BRAIN) — Led by the Fitness segment's double-digit growth, Garmin Ltd. second-quarter revenues increased 14% compared to the same period last year.

For the quarter ending June 29, Garmin reported sales of $1.51 billion with operating income increasing 20% to $342 million.

Posted July 30, 2024

OSAKA, Japan (BRAIN) — Shimano bike component sales decreased 20.7% year-over-year in the first half with the brand saying global market inventories remain elevated.

Posted July 18, 2024

STOCKHOLM (BRAIN) — Led by growth in the Sports category — which includes bike helmets — MIPS' second-quarter net sales increased 31% year-over-year.

Posted July 17, 2024
Carrier brand acquires bike trailer company Reacha.

STOCKHOLM (BRAIN) — Thule Group's net sales increased 2.3% year-over-year in the second quarter when the carrier brand also reached agreement for new financing with selected Nordic banks and also acquired a small German bike trailer company.

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