Earnings/Financial Reports
SALT LAKE CITY (BRAIN) — Vista Outdoor saw sales increase to $630 million in its second quarter, as revenue from its new acquisitions of Bell, Giro, Jimmy Styks and CamelBak kicked in.
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SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. saw sales increase 5.3 percent to $102.3 million in its second quarter, compared to $97.2 million in the same period last fiscal year. Gross margin increased 90 basis points to 31.6 percent over last year.
SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin stocks hit a 52-week high on Wednesday after earnings and revenue far exceeded analyst expectations for the first half. The company also raised its guidance for the second half.
SAN MATEO, Calif. (BRAIN) — GoPro announced a second quarter sales decline of 47 percent this week, along with a loss of nearly $92 million, after reporting a profit last year in the same period.
HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.
OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.
HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.
STOCKHOLM (BRAIN) — Thule Group reported gobal sales growth of 8.2 percent in its second quarter, but the company said said the Sports Authority and Sport Chalet closured hampered sales in the U.S.
CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corp. said its revenue increased 20 percent in the first quarter, to $4.8 million, up from $4 million in the same period last year.
TORONTO, Ontario (BRAIN) — Emerald Expositions recorded revenue of $128 million in its first quarter this year, a 6 percent increase over last year. The company said the increase was due to acquisitions and organic growth.
TAICHUNG, Taiwan (BRAIN)—Giant executives are forecasting a generally flat year of growth in Europe and caution that sales in the U.S. could be hampered by excess inventory.
MONTRÉAL (BRAIN) — Dorel Sports reported that revenue dipped $12.4 million or 5.4 percent in the first quarter, to $216.5 million compared to $228.9 million last year. Organic revenue was down about 3 percent, accounting for the impact of foreign exchange rates.
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