Earnings/Financial Reports

Posted January 11, 2010

TAIPEI, Taiwan (BRAIN)—Last year was a bad one for the Taiwanese bike business, according to financial results reported to the Taiwan Stock Exchange. However, sales for 2009, while off the heady 2008 sales results, are still substantially above 2007.

Posted December 29, 2009

PHILADELPHIA, PA (BRAIN)—The Bicycle Supplier Parts Association (BPSA) reports that October on October shipments to retailers fell by 11 percent, and sales fell by 5 percent over 2008. October bicycle imports are also down over last year, according to the Department of Commerce import statistics.

Posted December 10, 2009

TAIPEI, Taiwan (BRAIN)—The bike business is hitting the skids as 2009 wraps up with November sales reports from Merida showing a month on month drop in business of 21 percent, Giant down 14 percent, Kenda down 24 percent and component maker Lee Chi down 20 percent.

Posted December 8, 2009

WASHINGTON, D.C. (BRAIN)—Exports of Made in USA bikes dropped by 1,288 units through the third quarter, a 3 percent drop. A steep drop in shipments to Mexico and Latin America negated the increase in business with Britain, France, Germany, the Netherlands and Pacific Rim nations.

Posted November 17, 2009

HEERENVEEN, the Netherlands (BRAIN)—Accell Group reported to have an expected higher turnover and an increase in net profit of around 10 percent compared to 2008.

Posted November 15, 2009

WASHINGTON, DC (BRAIN)—Imports of bicycles through September total 11.624 million units, down 2.093 million units over last year, according to the U. S. Department of Commerce import data released this week. Imports of 700c road and hybrid bikes bucked the trend, increasing 10 percent.

Posted November 10, 2009

WATSONVILLE, CA (BRAIN)—Revenue was down 14.8 percent at Fox Racing Shox for the third quarter of the year as both OEM and aftermarket sales dropped in the weak economy.

Posted November 5, 2009

MONTREAL (BRAIN)—Third quarter revenue dropped 11 percent in Dorel Industries’ recreational and leisure segment, which includes its bike business, but for the year, the division remains up 1.4 percent.

Posted November 4, 2009

VAN NUYS, CA (BRAIN)—Easton Bell sales declined 11.3 percent for the third quarter of 2009, but the company began to see some signs of stabilization during the period including higher margins in the Action Sports segment, according to an earnings report issued on Wednesday.

Posted November 3, 2009

TAIPEI, Taiwan (BRAIN)—Sales revenue at Taiwan’s big three manufacturers rebounded slightly in September coming off double-digit drops in August, according to numbers released on the Taiwan Stock Exchange.

Posted October 30, 2009

MILAN, Italy (BRAIN)—Oakley’s parent company reported its best sales period of the year in the third quarter as European markets showed signs of recovery and the troubled North American market began to stabilize.

Posted October 30, 2009

CHICAGO, IL (BRAIN)—SRAM’S Stan Day said that the global recession has taken a bite out of the company’s business, reflecting a similar fall off in sales as its competitor Shimano.

Posted October 29, 2009

OSAKA, Japan (BRAIN)—A slow bike market took its toll on Shimano as the company saw its sales tumble to $1.47 billion (134.44 billion Yen) through September, from $1.87 billion (170.6 billion Yen) last year. The company’s income fell to $149.98 million (13.68 billion Yen) from $307.38 million (28.03 billion Yen).

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