Earnings/Financial Reports

Posted May 20, 2009

PITTSBURGH, PA (BRAIN)—Dick’s sales hit $959.7 million during the first quarter compared with $912.1 million last year. However, same store sales dropped 6 percent.

Posted May 18, 2009

VAN NUYS, CA (BRAIN)—First quarter sales were down 5.2 percent in Easton Bell Sports’ Action Sports segment as the company contended with delays of shipments of OEM cycling components to bike manufacturers and slow sales of fitness equipment in the mass channel.

Posted May 17, 2009

WASHINGTON D.C. (BRAIN)—Suppliers, reacting to the nation’s recession, brought in the fewest bicycles in the first quarter of the year since 1998. However, the dollar value of all units is the second highest in the same 11 years, said Jay Townley, an industry consultant.

Posted May 14, 2009

OSAKA, Japan (BRAIN)—Shimano’s sales were down, but the company still managed to increase its net profit by 3 percent over its first quarter ending March 31, 2009.

Posted May 10, 2009

WESTPORT, CT (BRAIN)—Fox Racing Shox reported a 14.2 percent decline in first quarter sales due to slow OEM orders in its bike division, according to earnings reports released on Friday.

Posted May 7, 2009

MILAN, Italy (BRAIN)—Oakley sales were up 7 percent in the first quarter of 2009, even as its parent company, Luxottica, faced a challenging period.

Posted May 7, 2009

MONTREAL, Quebec (BRAIN)—Dorel’s IBD brands were a bright spot in the company’s bike division during the first quarter of 2009, posting 8 percent organic growth during the first three months of the year.

Posted April 24, 2009

HEERENVEEN, the Netherlands (BRAIN)—Accell Group saw a good start in the first quarter of the year as sales and profit both increased from 2008, according to René Takens, chairman of the executive board of Accell Group.

Posted March 15, 2009

WESTPORT, CT (BRAIN)—Fox Racing Shox reported net sales of $131.7 million in 2008, up from $105 million the year before, according to earnings released on Friday by its parent company, Compass Diversified Holdings, Inc.

Posted March 12, 2009

NEWMARKET, Ontario (BRAIN)—Bicycle Trade Association of Canada (BTAC) members shipped 14,499 more units to shops last year, a 6.5 percent increase over 2007. Sales revenue rose 9.3 percent over the year.

Posted March 12, 2009

MILAN, Italy (BRAIN)—Oakley sales helped push its parent company, Luxottica, over the 5 billion euro mark for the first time in its history in 2008 despite a difficult end to the year.

Posted March 11, 2009

MONTREAL (BRAIN)—Dorel Industries said on Wednesday it had its best ever year in 2008 despite economic challenges in the fourth quarter that left the company sitting on millions of dollars worth of inventory.

Posted March 2, 2009

BY MATT WIEBE

PHILADELPHIA, PA—The good news for bicycle suppliers is that bikes sold better than cars last year. The bad news is that when gas crossed the $4 a gallon threshold in June, bike sales tanked.

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