Earnings/Financial Reports
MONTREAL (BRAIN) — The bike division at Dorel Industries saw revenues grow 18 percent during the first quarter, with gross profit and operating profit also up 17 and 71 percent, respectively. Officials pointed to better sales and cost control for the improvement over last year.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory sales increased 2.2 percent to $56.1 million over the first quarter, up from $54.9 million last year. But sales of mountain bike products decreased 4.4 percent , offset by a 14.1 percent increase in sales of powered vehicle products.
CARLSBAD, Calif. (BRAIN) — Optical brand Spy Inc. on Tuesday reported its 12th consecutive quarter of revenue growth as sales ticked up 2 percent in the first quarter of 2014.
SALT LAKE CITY (BRAIN) — Outdoor supplier Black Diamond Inc., which owns the protective brand POC, is reporting that its first-quarter 2014 sales were up 7 percent, to $54.5 million, while gross margins were up 70 basis points to 38.4 percent.
OLATHE, Kan. (BRAIN) — Garmin on Wednesday reported double-digit growth in first-quarter revenue for all business segments except automotive/mobile, where declining demand for personal navigation devices dragged sales down 4 percent compared with a year earlier.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. is reporting a positive start to the year.
KETCHUM, Idaho (BRAIN) — Club Ride Apparel sale were up 47 percent in the first quarter, to $856,000, compared with sales of $583,000 in the same quarter last year, the company stated.
HELSINKI (BRAIN) — Mavic sales grew 8 percent in the first quarter of 2014, to 39 million euros ($54 million) worldwide, according to an interim report released Thursday by Mavic parent Amer Sports.
SCOTTS VALLEY, Calif. (BRAIN) — Say goodbye to those public quarterly earnings reports and investor conference calls from Easton-Bell Sports. The termination of those reports is just one of the several changes resulting from the company's sell-off of its Easton-branded businesses.
VAN NUYS, Calif. (BRAIN) — Easton-Bell Sports sales were down nearly 6 percent last year, as the dynamic company wrestled with market changes across its categories.
CARLSBAD, Calif. (BRAIN) — Optical supplier Spy Inc. reported its 11th consecutive quarter of sales growth for Spy brand products and posted an improved net loss for 2013 in year-end results.
SEATTLE (BRAIN) — Specialty outdoor retailer and member co-op REI has reported record annual sales of $2 billion for 2013. According to its year-end earnings statement, the company's sales were up 5.9 percent from $1.9 billion in 2012.
PETALUMA, Calif. (BRAIN) — CamelBak's sales for 2013 were $139.9 million, a decrease of $17.7 million compared to its sales of $157.6 million in 2012. Sales of hydration systems fell $17.2 million, and sales of gloves fell $5.5 million, while the company's bottle and accessories sales increased $4.8 million.
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