Earnings/Financial Reports

Posted October 27, 2020
Operating income in the division was up 5%
Shimano celebrates its 100th anniversary next year.

OSAKA, Japan (BRAIN) — Shimano Inc. sales in its bicycle segment were down in the first nine months of 2020, but the company has revised up its full-year earnings and revenue projections due to greater use of bicycles globally during the COVID-19 pandemic. 

Posted October 27, 2020
Updated: the bikes will be sold D2C and through Harley-Davidson dealers. Pricing TBA.

MILWAUKEE (BRAIN) — Harley-Davidson, which has been eyeing the e-bike market for several years, announced Tuesday that it will create a dedicated e-bike division launching in March 2021.

The Serial 1 Cycle Company is named for the nickname of Harley's first motorcycle model, "Serial Number 1."

Posted October 23, 2020

STOCKHOLM (BRAIN) — Thule Group's third-quarter net sales rebounded with a 44.9% increase year-over-year following two previous quarters of decline.

Posted September 11, 2020

NEW YORK (BRAIN) — Peloton's sales surged in the final quarter of its fiscal year, which ended June 30. Although the stationary bike and treadmill company said it had expected sales to moderate in the quarter, they were up 172%, straining its supply chain.

Posted August 26, 2020
Dick's Sporting Goods had a record second quarter in sales.

PITTSBURGH (BRAIN) — Led by e-commerce growth spurred by the COVID-19 pandemic, Dick's Sporting Goods had a record second quarter in sales.

Posted August 13, 2020
Earnings per share hit company record.

TAICHUNG, Taiwan (BRAIN) — Giant Group's second-quarter sales were NT$19.7 billion ($669.7 million) and its earnings per share were NT$4.06, a company record high.

Posted August 13, 2020
Leatt Corp. continued its record-setting financial year.

CAPE TOWN, South Africa (BRAIN) — Leatt Corp. continued its record-setting financial year with second-quarter revenue increasing 32% year-over-year with net income spiking 815%.

Posted August 11, 2020
The parent of Cannondale, GT, Schwinn, and other brands notched its fifth consecutive quarter of growth.

MONTRÉAL (BRAIN) — Dorel Sports, a division of Dorel Industries, is reporting sales of $285.6 million in its second fiscal quarter, up 18.5% from the same quarter last year.

Posted August 6, 2020

(BRAIN) — Vista Outdoor’s sales in its Action Sports division — which includes Bell, Giro, Kash, Raskullz and Blackburn — were up 7% in the company’s first quarter. Sales in the division totaled $72.9 million for the quarter, compared to $67.9 million last year.

Posted August 6, 2020
"It's a bit of a bike renaissance we are experiencing," CEO says.

BRASELTON, Ga. (BRAIN) — Fox Factory's bicycle-related sales were up 10% in its second fiscal quarter, which ended July 3.

Posted August 6, 2020
Revenue decreased 54.1% in the second quarter.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported a 54.1% revenue drop in the second quarter ending June 30.

Revenue was $134.2 million, compared with $292.4 million in the second quarter of 2019. Net income was $40.7 million, compared with $102.1 million year-over-year. Earnings per share were $0.34.

Posted July 29, 2020
Garmin reported a 9% year-over-year revenue decrease in the second quarter.

OLATHE, Kan. (BRAIN) — Garmin Ltd. reported a 9% year-over-year revenue decrease in the second quarter, but gains in the fitness sector helped mitigate the losses.

Posted July 28, 2020
Shimano will celebrate its 100th anniversary in 2021.

OSAKA, Japan (BRAIN) — Shimano reported Tuesday that its first-half sales in its bicycle products division were down 14.6% from the same period last year, to 123 billion yen ($1.2 billion); operating income in the segment was down 19.7%.

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