Earnings/Financial Reports

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.

Posted March 1, 2009

VAN NUYS, CA (BRAIN)—Easton Bell reported a moderate increase in sales in 2008, although the company’s profit dipped slightly.

Posted March 1, 2009

HEERENVEEN, The Netherlands (BRAIN)—Accell Group posted a 17-percent growth in profits in 2008 due to strong sales of bicycles, a better product mix and the acquisition of Ghost, according to a year-end earnings report released last Friday.

Posted February 17, 2009

OSAKA, Japan (BRAIN)—Shimano reported an 11-percent jump in sales in 2008, ending the year with $2.59 billion in net sales, according to Shimano’s 2008 earnings as reported to the Tokyo Stock Exchange.

Net income for 2008 was $277 million, or 25.15 billion yen, an increase of 26.4 percent over 2007.

Posted February 5, 2009

MILAN, Italy (BRAIN)—Oakley’s parent company released net sales figures for 2008 on Thursday, depicting a challenging fourth quarter for the high-end eyewear company even as Oakley remained a bright spot.

Posted December 1, 2008

BY MATT WIEBE

Posted November 30, 2008

LOS ANGELES, CA (BRAIN)—Sport Chalet’s sales decreased to $96.5 million during its second fiscal quarter ending September 28. This sales figure includes seven new stores the company opened compared to its second quarter last year.

Posted November 30, 2008

PITTSBURGH, PA (BRAIN)—Dick’s Sporting Goods reports that its overall sales were $924.2 million, up 10 percent from its 2007 sales of $838.8 in the third quarter ending November 1.

Posted November 19, 2008

HEERENVEEN, the Netherlands (BRAIN)—Accell Group raised its projected 2008 profit from an expected 10-percent increase over 2007 to a 15 percent jump based on the company’s performance so far this year.

Posted November 17, 2008

WESTPORT, CT (BRAIN)—Sales for Fox Racing Shox jumped $10.2 million in the third quarter of the year, helping to boost the bottom line of its parent company, Compass Diversified Holdings.

Posted November 7, 2008

VAN NUYS, CA (BRAIN)—Easton Bell saw a 7.8 percent increase in net sales during the third quarter of 2008, thanks in part to strong sales of cycling equipment, according to an earnings report issued last week.

Posted November 5, 2008

MONTREAL, Quebec (BRAIN)—Dorel Industries reported a big boost in its bike business for the third quarter of the year despite supply issues that delayed shipments of high-end Cannondale bikes.

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