Earnings/Financial Reports

Posted May 2, 2018
Fox introduced the Step Cast 34 fork at Sea Otter.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. said sales in its bike product division, which includes Fox, Marzocchi, Race Face and Easton Cycling, were up 10.3 percent in the first quarter, which ended March 30. The company said original equipment orders drove the sales increase.

Posted May 2, 2018
The new Garmin Edge 520 Plus.

OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported record first-quarter revenue of $711 million, up 11 percent, on improved sales of outdoor, fitness, aviation and marine products. Those gains offset continuing declines in the company’s automotive business.

Posted May 1, 2018
CEO says canceled orders over firearms controversy had little effect on the company and that its plan was in development long before the dispute.

FARMINGTON, Utah (BRAIN) — Vista Outdoor Inc. plans to sell its Bell, Giro and Blackburn brands — and its Savage and Stevens firearms brands — and return its focus to ammunition sales.

Posted April 26, 2018

MALLABIA, Spain (BRAIN) — Orbea, an employee-owned co-op organization, announced this week that its first quarter sales were up 26 percent, to 28 million euros ($34.1 million). 

Posted April 26, 2018
Mavic introduced an expanded Allroad wheel and apparel line this spring.

HELSINKI (BRAIN) — Sales in Amer Sports' cycling division, comprising the Mavic and Enve brands, were down 12 percent in local currencies in the first quarter, to 32.1 million euros ($38.9 million). The company said its cycling sales were "adversely impacted by lower OEM orders."

Posted April 24, 2018

OSAKA, Japan (BRAIN) — Shimano said a mild economic expansion in Europe, a buoyant labor market in North America, and a moderate recovery in Japan contributed to a 5.1 percent net sales increase in its bicycle division in the opening quarter of 2018, compared to the same period last year.

Posted April 9, 2018

SEATTLE (BRAIN) — REI on Monday announced it achieved its highest revenues ever in 2017, $2.62 billion. The co-op now has 17 million members.

Posted March 23, 2018

MONTRÉAL (BRAIN) — The liquidation of Toys "R" Us has forced Dorel Industries to issue a new audited financial report, now showing a charge of $3.8 million due to the toy store chain's closure. $3.1 million of the charge is from Dorel Sports, which includes bicycle sales.

Posted March 9, 2018
Company says it has signed up more than 30 new dealers since launching a new omnichannel program.

KENT, Wash. (BRAIN) — For more than a few years Accell North America has been the problem child for its parent, Dutch-based Accell Group. That status would appear to continue judging from the annual report that Accell released early Friday.

Posted March 8, 2018
Company says inventory levels are right and new sporting goods business should give it a boost.

MONTREAL (BRAIN) — Dorel reported 0.6 percent growth in fourth-quarter revenue at its bike division, which includes Cannondale, Sugoi, GT, Schwinn, Mongoose and Caloi. However, full-year revenue declined 7.8 percent.

Posted February 27, 2018
On earnings call, company notes it's "cautiously optimistic" about its bike sales in 2018 and that inventory levels at OEs and aftermarket sales channels are "comfortable."

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. reported Tuesday that overall sales increased 8.6 percent to $121.1 million in the final quarter of 2017. That's up from $111.6 million for the same period the year before. 

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