Earnings/Financial Reports
OSAKA, Japan (BRAIN) — Shimano's net sales in its bicycle components division were up 4.1% in the first half of its fiscal year, which ended June 30. Operating income in the division decreased 3%, however.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. reported total group revenues of 683 million euros ($766 million) in its first fiscal half, up 7.4% from the same period last year. Net profit for the group was up 16.5% to 29.7 million euros.
NEW YORK (BRAIN) — DICK'S Sporting Goods showed improvement in its first quarter, exceeding forecasts and raising its full-year guidance. The retailer reported net sales of $1.92 billion, up 0.6% over the same period last year.
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing registered first quarter sales of NT$14.69 billion ($467 million), up 5.2% compared to 2018's first quarter.
ANOKA, Minn. (BRAIN) — Vista Outdoor, Inc. is continuing to back away from its previously announced plans to sell off its Bell and Giro businesses.
BRASELTON, Ga. (BRAIN) — Fox Factory's bicycle business, through the Fox suspension, Marzocchi suspension, RaceFace and Easton cycling brands, was up 12.7% in the first quarter this year, to $65 million. The company also said equipping e-bikes will be a bright spot for Fox in the next two seasons.
OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record first-quarter revenue of $766 million with its fitness, outdoor and aviation divisions collectively increasing 12% from the prior year's quarter.
Its fitness sales numbers, which include cycling products, climbed 8.57% (from $166 million to $180 million).
OSAKA, Japan (BRAIN) — High-end bike sales in North America and e-bike sales in Europe helped drive sales increase. Losses from a March 2018 factory fire remain significant, however.
SEATTLE (BRAIN) — REI Co-op had record sales in 2018 of $2.78 billion, up 6 percent over the prior year. The co-op also said it added more than 1 million new members last year, bringing its total membership to 18 million.
TAICHUNG, Taiwan (BRAIN) — Despite concerns over protectionism, ongoing trade disputes and a continued slowdown in China, Giant Manufacturing Ltd. reported the second highest annual revenue in its history.
MONTREAL (BRAIN) — Dorel Sports — a division of Dorel Industries that includes Cycling Sports Group, the parent of Cannondale and GT — posted double-digit organic revenue growth and significant operating profit improvement in its fourth quarter, the company reported Thursday.
KENT, Wash. (BRAIN) — Accell Group N.V. on Friday announced global revenues were up 2.4 percent, but its North American business reported a 36 percent decline in revenue for the year.
BRASELTON, Ga. (BRAIN) — Sales in Fox Factory's Specialty Sports Group — which comprises the company's bicycle brands: Fox and Marzocchi suspension, RaceFace and Easton Cycling — grew 14.9 percent last year, to $282 million, according to an earnings report Tuesday.
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