Earnings/Financial Reports
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales slightly increased year-over-year in the fourth quarter, while full-year net sales rose 3.5%.
DULUTH, Ga. (BRAIN) — Continued inventory “recalibrations” in the global industry and uncertainty about consumer and bike-maker demand has Fox Factory executives cautiously forecasting flat sales in its bike-product segment this year.
OLATHE, Kan. (BRAIN) — Garmin reported record consolidated revenue for 2024 buoyed by a year-over-year 23% increase in the fourth quarter that was led by Fitness segment sales.
TOKYO (BRAIN) — Shimano’s sales last year amounted to 451 billion yen ($2.94 billion), down 4.9% from the year before. Operating income and ordinary income also were down while net income was up 25%.
STOCKHOLM (BRAIN) — Thule Group net sales for the fourth quarter increased 7.2% year-over-year thanks to revenue from Thule's recent acquisition, Quad Lock.
SAN MATEO, Calif. (BRAIN) — GoPro revenue decreased 32% year-over-year in the fourth quarter and 20% in 2024 with its founder and CEO saying the action camera brand intends to reduce expenses this year.
STOCKHOLM (BRAIN) — MIPS reported fourth-quarter net sales increased 58% year-over-year and yearly net sales by 35% as the helmet technology company's bike sub-category showed revenue growth for the fifth consecutive quarter.
TAIPEI, Taiwan (BRAIN) — Giant Group's 2024 operating revenues were down 7.4% from the year prior, but are still above pre-pandemic levels.
EL PASO, Texas (BRAIN) — Helen of Troy's third-quarter net sales declined 3.4% year-over-year despite sales growth in its Home & Outdoor group, which includes Osprey and Hydro Flask.
TWICKENHAM, United Kingdom (BRAIN) — Folding bike brand Brompton Bicycle Limited recorded a 5.3% decline in revenues in the 12-month period that ended March 31, 2024, according to filings made in the U.K. recently.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increasd 0.5% year-over-year in the third quarter and said it will raise full-year guidance.
TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first nine months of its fiscal year were down 7.1% compared to the same period last year. The company said that while bike inventory levels continue to decline in Europe and North America, order placement by the company's OE and retail customers is conservative.
ANOKA, Minn. (BRAIN) — Vista Outdoor's Revelyst business unit, which contains its bike-related brands, recorded sales of $315 million in the company's fiscal 2Q25, a 3.9% decline year-over-year.
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