Earnings/Financial Reports

Posted February 16, 2022

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported record revenue for the year and in the fourth quarter despite flat fitness sales that include cycling products.

Posted February 10, 2022

STOCKHOLM (BRAIN) — MIPS' Sports category continued to drive sales, with bike and snow helmets helping the technology company increase fourth-quarter year-over-year net sales 41% and 67% for the year.

Posted February 9, 2022

STOCKHOLM (BRAIN) — Thule Group's fourth-quarter net sales increased 15% year-over-year, with 2021 net sales rising 32.7%, despite rising costs for raw materials, freight prices, and COVID-19 employee absenteeism.

Posted February 8, 2022
The company also ditched plans for a factory in Ohio.
John Foley

NEW YORK (BRAIN) —  Peloton Interactive on Tuesday announced that its revenues grew 6% in its recently completed second quarter, to $1.1 billion; the company recorded a net loss for the quarter of $439.4 million but could point to a 66% increase in Connected Fitness Subscriptions and a 26% increase in recorded worko

Posted February 8, 2022

OSAKA, Japan (BRAIN) — In the year the company celebrated its 100th anniversary, Shimano Inc.’s sales and operating income hit an all-time record, driven primarily by its business in the bike industry.

Company-wide, Shimano's sales last year were up 44.6% over 2020, while operating income was up 79.3%.

Posted February 3, 2022
Vista Outdoor bought QuietKat last May.

ANOKA, Minn. (BRAIN) — Vista Outdoor — the parent of Bell, Giro, Blackburn, CamelBak, and now the QuietKat e-bike brand — is reporting record third-quarter sales and raised its full-year guidance.

Posted February 3, 2022

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported fourth-quarter revenue increased 9% year-over-year, while its 2021 full-year revenue jumped 30%.

For the fourth quarter that ended Dec. 31, GoPro revenue was $391 million, compared with $358 million at the same time last year.

Posted November 23, 2021

PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 13.9% in the third quarter year-over-year and raised its full-year guidance.

Posted November 15, 2021

TAICHUNG, Taiwan (BRAIN) — Giant Group sales for the first three fiscal quarters of 2021 totaled NT$61.94 billion ($2.23 billion), an 18% increase over the period last year. Net income over the period grew 32/3% to NT$4.83 billion. Giant has set records for sales and profits in each quarter this year. 

Posted November 12, 2021

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation had its fifth consecutive quarter of record-breaking financial results, reporting a 94% increase in third-quarter revenue and 166% increase in net income year-over-year.

Posted November 5, 2021
Peloton's CEO falls out of the Billionaire's Club, at least for now.

NEW YORK (BRAIN) — Peloton Interactive Inc. shares were down more than 34% on Friday after the company lowered its forecasts for 2022 sales.

Peloton is now forecasting full-year fiscal sales of $4.4 billion to $4.8 billion, down from a previous forecast of $5.4 billion.

Posted November 5, 2021

MONTRÉAL (BRAIN) — Dorel Industries reported sales of $304 million in its Dorel Sports division in its third fiscal quarter this year, a 0.6% decline over sales in the same period last year.

Posted November 4, 2021

DULUTH, Ga. (BRAIN) — For the fifth consecutive quarter, Fox Factory notched its highest-ever revenue in a fiscal quarter for its 2021 Q3, which ended Oct. 1. Sales were $347.4 million, compared to $261 million in the same period last year. 


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