Earnings/Financial Reports
STOCKHOLM (BRAIN) — Thule Group sales in the first quarter of this year dropped 4.9% as a result of the COVID-19 pandemic that either closed or limited retailers in Europe and North America.
BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. has suspended non-essential operations at its North American factories due to COVID-19. The company also has lowered its earnings guidance for its first fiscal quarter and suspended full-year guidance.
TAICHUNG, Taiwan (BRAIN) — As fears of COVID 19 have swept through markets worldwide, Giant Group is bracing for a difficult year ahead. However, record revenue for 2019 should help bolster the multi-national company as it attempts to minimize the virus’s impact on its global operations.
CAPE TOWN, South Africa (BRAIN) — Protective gear manufacturer Leatt Corp. recorded a 16% increase in revenue for 2019 and a fourth-quarter rise of 32% year-over-year in financial results released through Dec. 31, 2019.
LONDON (BRAIN) — Nutrition company Science in Sport reported a 24% increase in group revenue for 2019, in part thanks to the addition of PhD Nutrition, which SiS acquired in December 2018.
MONTRÉAL (BRAIN) — Dorel Sports is reporting flat revenues in the fourth quarter and 2.9% growth for the full year 2019. Dorel Sports is the parent of Cycling Sports Group, Pacific Cycle Group and Caloi. Its bike brands include Cannondale, GT, Fabric and Guru Cycling.
PITTSBURGH (BRAIN) — Net sales at Dick's Sporting Goods increased 4.7% for the fourth quarter, compared to the same time last year, and 3.7% for 2019.
Fourth-quarter net sales were $2.61 billion for the period ending Feb. 1. For 2019, net sales were $8.8 billion, compared to $8.4 billion for 2018.
BRASELTON, Ga. (BRAIN) — Fox Factory's sales in the bike market continue steady growth, up 11.3% in the fourth quarter and 6.3% for the full year. Full year sales were $299 million in the bike market, where the company sells products under the Fox, Marzocchi, Race Face and Easton brands.
HEERENVEEN, Netherlands (BRAIN) — Accell Group says its traditional bike sales were down 13% in value last year, while sales of e-bike were up 11% and of cargo bikes up 47%.
OLATHE, Kan. (BRAIN) — Garmin Ltd. total revenue increased 18% in the fourth quarter with the fitness division — which includes Garmin's cycling products — increasing 34% year-over-year.
STOCKHOLM (BRAIN) — MIPS' fourth-quarter net sales increased 41% year-over-year, while the helmet technology company's 2019 sales showed a 39% growth.
OSAKA, Japan (BRAIN) — In its bicycle-related business Shimano Inc. saw a 4.6% increase in sales in 2019 compared to 2018 and a 1% increase in operating income in the year.
The company said sales were solid in Europe and North America and even the years'-long downward trend in China has stopped.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the fourth quarter increased 40% year-over-year to $528 million. Revenue for 2019 increased 4% year-over-year, reaching $1.2 billion, for the period ending Dec. 31.
Excluding GoPro drone business, full year revenues increased 7% year-over-year.
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