Earnings/Financial Reports
MONTRÉAL (BRAIN) — Dorel Sports, the parent of Cannondale, Schwinn, Mongoose, Pacific and other brands, reports third-quarter sales of $306 million, a 22.1% increase over the same period last year.
STOCKHOLM (BRAIN) — Led by demand for bicycle helmets, MIPS reported net sales increased 94% year-over-year in the third quarter.
Net sales increased to SEK 102 million ($11.8 million) from SEK 53 million for the quarter ending in September.
NEW YORK (BRAIN) — Peloton is forecasting total revenue of $1 billion in its fiscal second quarter, roughly the final quarter of this year's calendar.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported revenue increased 114% year-over-year for the third quarter that ended Sept. 30.
ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to $162 million.
OLATHE, Kan. (BRAIN) — Led by growth in fitness, outdoor, and marine, Garmin Ltd. revenue increased 19% year-over-year for the third quarter.
OSAKA, Japan (BRAIN) — Shimano Inc. sales in its bicycle segment were down in the first nine months of 2020, but the company has revised up its full-year earnings and revenue projections due to greater use of bicycles globally during the COVID-19 pandemic.
MILWAUKEE (BRAIN) — Harley-Davidson, which has been eyeing the e-bike market for several years, announced Tuesday that it will create a dedicated e-bike division launching in March 2021.
The Serial 1 Cycle Company is named for the nickname of Harley's first motorcycle model, "Serial Number 1."
STOCKHOLM (BRAIN) — Thule Group's third-quarter net sales rebounded with a 44.9% increase year-over-year following two previous quarters of decline.
NEW YORK (BRAIN) — Peloton's sales surged in the final quarter of its fiscal year, which ended June 30. Although the stationary bike and treadmill company said it had expected sales to moderate in the quarter, they were up 172%, straining its supply chain.
PITTSBURGH (BRAIN) — Led by e-commerce growth spurred by the COVID-19 pandemic, Dick's Sporting Goods had a record second quarter in sales.
TAICHUNG, Taiwan (BRAIN) — Giant Group's second-quarter sales were NT$19.7 billion ($669.7 million) and its earnings per share were NT$4.06, a company record high.
CAPE TOWN, South Africa (BRAIN) — Leatt Corp. continued its record-setting financial year with second-quarter revenue increasing 32% year-over-year with net income spiking 815%.
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