Earnings/Financial Reports

Posted March 28, 2023

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation recorded record revenue for 2022 despite a fourth-quarter losses of 53%. The protective gear brand reported full-year revenue of $76.3 million, up 5% year-over-year.

Posted March 13, 2023
Frank Bohle

REICHSHOF, Germany (BRAIN) — The privately-owned company that owns the tire brand Schwalbe is reporting 2022 sales of 335 million euros ($359 million), up 20% from the year prior. It was a new company sales record in its 50th anniversary year.

Posted March 10, 2023
The company said it still has excess inventory but demand remains high for e-bikes and high-end bikes.

TAICHUNG, Taiwan (BRAIN) — Giant Group's revenue was up 12.5% last year, to NT$92.04 billion ($2.99 billion) up from NT$81.8 billion in 2021.

Posted March 9, 2023
Non-health club revenues, including from bike races and the Sea Otter Classic, were up 69%.

(BRAIN) — Life Time Group Holdings, which owns multiple endurance bike events and the Sea Otter Classic, reported revenue of $1.8 billion for its fiscal year 2022, up nearly 38% from the year prior.

Posted March 7, 2023

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported record full-year 2022 net sales while fourth-quarter sales grew 7.3% year-over-year.

Posted February 26, 2023
Fourth quarter sales in its bicycle business were down 2%.

DULUTH, Ga. (BRAIN) — Fox Factory sales were up 23.4% last year, to a company record of $1,602.5 million. Sales in Fox's powered vehicle business was up 28% while sales in its specialty sports business, which comprises its bicycle brands, were up 17.6% for the year.

Posted February 22, 2023

OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue decreased 6% year-over-year in the fourth quarter and 2% for 2022 as its Fitness products division experienced the biggest decline of all the company's segments.

Posted February 17, 2023

TOYKO (BRAIN) — Shimano is forecasting a company-wide 20.5% drop in net sales for its fiscal 2023, citing global economic conditions and supply chain disruptions. It's forecasting bike division sales will be down 23%.

Posted February 14, 2023

OSAKA, Japan (BRAIN) — Sales in Shimano’s bicycle-product division hit another record in 2022, reaching 517.4 million yen ($3.885 billion) up 16.6% from the year prior. 

Posted February 10, 2023

STOCKHOLM (BRAIN) — Thule Group fourth-quarter net sales declined 10.6% year-over-year with CEO Magnus Welander blaming reduced bike product demand from retailers who lowered inventory after large preseason orders.

Posted February 9, 2023

STOCKHOLM (BRAIN) — A 50% drop in bike helmet sales in the fourth quarter led to MIPS' net sales decreasing 46% year-over-year. For the year, the helmet technology company experienced a 7% drop in net sales.

Posted February 2, 2023

SAN MATEO, Calif. (BRAIN) — GoPro reported fourth-quarter revenue decreased 18% year-over-year and for the year it dropped 6%.

Posted February 2, 2023

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. said its sales were down $40 million, to $755 million, in its third quarter, compared to the same period last year.


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