Earnings/Financial Reports

Posted August 9, 2011

MONTREAL (BRAIN)—Strong sales in Europe among Dorel Industry’s specialty brands drove nearly 16 percent growth in the company’s cycling segment in the second quarter of the year, according to an earnings report released on Tuesday.

Posted in North America Tagged Earnings/Financial Reports
Posted August 4, 2011

LA CANADA FLINTRIDGE, CA (BRAIN)—Sports Chalet saw its sales total $82.8 million, an increase of 3.9 percent in the first quarter compared with a year ago. Sports Chalet, however, still reported a loss of $0.8 million, or 6 cents a share.

Posted in North America Tagged Earnings/Financial Reports
Posted August 4, 2011

CLOPPENBURG, Germany (BRAIN)—Germany’s Derby Cycle expects to post third-quarter revenue of around 84.4. million euros ($122.3 million), an increase of 35 percent over the same quarter last year.

Posted in North America Tagged Earnings/Financial Reports
Posted August 4, 2011

HELSINKI, Finland (BRAIN)—Mavic sales grew 17 percent in the second quarter of the year, driven equally by sales of wheels and cycling soft goods like footwear and apparel, Heikki Takala, president and CEO of Mavic’s owner Amer Sports said in a conference call on Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted July 27, 2011

OSAKA, Japan (BRAIN)—Sales in Shimano’s bicycle components segment increased 3.3 percent for the first six months of the year as the world economy remained on a modest recovery track, the company said in an earnings report released Wednesday.

Posted in North America Tagged Earnings/Financial Reports
Posted July 22, 2011

HEERENVEEN, the Netherlands (BRAIN)—Accell Group reported 9 percent growth in sales and 13 percent rise in net profit for the first six months of the year, according to earnings figures released Friday by the Dutch company.

Posted in North America Tagged Earnings/Financial Reports
Posted July 20, 2011

BOULDER, CO (BRAIN)—Outdoor Industry Association has released the OIA VantagePoint June Monthly Trend Report, which reveals that compared to the general retail sector, outdoor product sales notched a smaller-than-anticipated 2.7 percent sales increase for the five-week fiscal month of June to $1.23 billion.

Posted in North America Tagged Earnings/Financial Reports
Posted June 25, 2011

CHICAGO (BRAIN)—SRAM has paid off its private equity investor, a step the company previously said it would make before going public.

Posted in North America Tagged Earnings/Financial Reports
Posted June 13, 2011

MELBOURNE, Australia (BRAIN)—Imports of children’s bikes continued to slump in Australia in April, dropping to 50,000 during the months of January to April compared with 80,000 for the same time period in 2010, according to statistics released by the nonprofit Bicycle Industries Australia.

Posted in North America Tagged Earnings/Financial Reports
Posted May 26, 2011

MONTREAL (BRAIN)—Dorel Industries’ CEO Martin Schwartz spoke briefly to the company’s shareholders Thursday morning reiterating the success Dorel has seen in its bike division in recent months.

Posted in North America Tagged Earnings/Financial Reports
Posted May 23, 2011

CLOPPENBURG, Germany (BRAIN)—Derby Cycle reported a revenue increase of 40 percent during the first half of its financial year doubled sales of electric bikes, according to a financial report released Monday by the German company.

Posted in North America Tagged Earnings/Financial Reports

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