Earnings/Financial Reports
OLATHE, Kan. (BRAIN) — Garmin Ltd. on Wednesday reported a 4 percent jump in fourth-quarter revenue, to $932 million, as the company's aviation, marine, outdoor and fitness businesses grew a collective 13 percent compared with a year earlier. Revenue for the full year rose 7 percent to $3.35 billion.
OSAKA, Japan (BRAIN) — Shimano is reporting a similar scenario as the rest of the industry: sales of complete bikes in North America declined last year in units, but increased in dollars thanks to a shift to more expensive models, including e-bikes.
ANOKA, Minn. (BRAIN) — Vista Outdoor on Thursday reported a 20 percent drop in sales to $468 million for its fiscal third quarter, ended Dec. 30, due to declines in ammunition and firearms sales, hunting/shooting accessories and the company's actions sports and outdoor recreation businesses.
PITTSBURGH (BRAIN) — Dick's Sporting Goods has reported an increased consolidated net income of $37.8 million for the third quarter ended Nov. 3, compared with $36.9 million during the same period in 2017.
MONTRÉAL (BRAIN) — Dorel Industries announced Friday that revenue in its sports division, which includes the company's portfolio of mass and IBD bike brands, rose 6.6 percent in the third quarter, to $219.1 million from $205.5 in the same period a year earlier.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — David Loechner has resigned from Emerald Expositions Events, where he has been president and CEO since 2013. Emerald is the owner of the Interbike and the Outdoor Retailer trade shows.
FARMINGTON, Utah (BRAIN) — Vista Outdoor announced Thursday that its fiscal second-quarter sales were solid at $547 million, with flat sales in its action sports division. The company indicated it was in no rush to sell its bike brands, which include Bell, Giro and Blackburn.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory announced Wednesday that it plans to relocate its corporate headquarters from California to it existing offices in Georgia by the end of this year.
OLATHE, Kan. (BRAIN) — Garmin Ltd. on Wednesday reported an 8 percent increase in third-quarter revenue to $810 million, with its marine, aviation, fitness and outdoor segments growing a combined 16 percent compared with a year earlier and contributing 80 percent of total revenue.
HELSINKI (BRAIN) — Amer Sports reported net sales increases of 9 percent for its third quarter and 5 percent year-to-date, compared with the same periods last year. The figures don't include Amer's cycling business with the Mavic and Enve brands because Amer now segments cycling as "discontinued operations" as it looks to sell that business.
OSAKA, Japan (BRAIN) — Shimano says stable weather in Europe and growth in sales sporty e-bikes helped its bike-related sales grow over the first three quarters this year, while operating income in the segment decreased slightly. The company has revised its full-year forecast down in light of currency exchange trends and some product shortages.
PITTSBURGH (BRAIN) — Dick's Sporting Goods has reported a slight increase in net sales for the second quarter 2018, which ended Aug. 4. Sales for the quarter were up 1 percent over the same period last year, to $2.18 billion.
FARMINGTON, Utah (BRAIN) — Vista Outdoor sales were down 6.6 percent in its most recent quarter and in an earnings call Thursday company executives gave some insights on their plans to sell off its Bell, Giro and Blackburn brands.
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