Earnings/Financial Reports
OSAKA, Japan (BRAIN) — Shimano saw a slight increase in sales in its bike division through the first nine months of 2017, up 1.4 percent to 196 billion yen ($1.7 billion) over sales in the same period last year. Operating income in the division decreased nearly 5 percent over the period however.
HELSINKI, Finland (BRAIN) — Amer Sports has updated its 2020 growth target. Instead of aiming for sales of 3.4 billion euros ($4.2 billion) in that year, the company is now setting a target for "annual mid-single-digit organic, currency-neutral growth."
CAPE TOWN, South Africa (BRAIN) — Protective products manufacturer Leatt Corporation announces on Friday that its first half sales totaled $9.3 million, up from $8.5 million in the first half last year. In the half, the company registered net income of $101,000.
FARMINGTON, Utah (BRAIN) — Vista Outdoor's sales in its Outdoor Products division — which includes Bell, Giro, CamelBak and Bollé sales — were down 6.5 percent organically in the first quarter.
MONTRÉAL (BRAIN) — Dorel Industries reported that second-quarter revenue was down 11 percent in its sports division, which includes its mass and IBD bike businesses, including Cannondale, Caloi, GT, Mongoose, Schwinn and Sugoi brands.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions reported 14 percent growth in revenue for the second quarter compared with the same period last year — about a third of that from organic growth and two-thirds from recent acquisitions.
SAN MATEO, Calif. (BRAIN) — Shares of GoPro Inc. surged 20 percent in trading Friday after the company this week reported second-quarter earnings that topped analyst expectations due in part to restructuring and job cuts that have reduced the action camera and drone maker’s costs.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. announced Thursday that its bicycle-related sales — through its Fox Factory, Marzocchi, Race Face and Easton brands — was up 2.9 percent in the second quarter, which ended June 30.
OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported a 1 percent rise in second-quarter revenue, to $817 million from $812 million a year earlier, that included a 46 gain in its outdoor segment driven by strong demand for its Fenix smart watches.
HELSINKI, Finland (BRAIN) — Amer Sports' cycling business, done through its Mavic and Enve brands, was down 12 percent in local currencies in the first half of the year, and down 18 percent in the company's second quarter, the company is reporting. But Enve sales were up in the half.
OSAKA, Japan (BRAIN) — Shimano is reporting that its bike-related sales were down 2.7 percent in the company's first half, which ended June 30. Operating income in the segment was down 11.5 percent.
HEERENVEEN, the Netherlands (BRAIN) — Accell Group reported that sales through the specialty channel in North America during the first half of the year were down. It also saw sales impacted by the closure of multi-sport retail chains.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — In its first conference call with investors since its public offering in April, Emerald Expositions president and CEO David Loechner was optimistic about growth through acquisitions of shows and further consolidation in the B2B trade show industry.
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