Earnings/Financial Reports

Posted March 24, 2010

WASHINGTON, D.C. (BRAIN)—Importers brought in 139,794 fewer units this January compared with the year before—a 13 percent drop in business, the lowest January for importers since 2002.

Posted March 14, 2010

TORONTO, Ontario (BRAIN)—The Bicycle Trade Association of Canada (BTAC) reports its supplier members picked up $21 million* in sales last year as shipments to dealers fell 8 percent but sales grew 14 percent to $171 million.

Posted March 10, 2010

BETHEL, CT (BRAIN)—Topolino Technology expects first quarter sales to more than double last year's results.

Posted March 10, 2010

MONTREAL, Quebec (BRAIN)—Dorel Industries’ bike business grew by 11.3 percent in the fourth quarter of 2009, propelling the segment to a year-end sales increase of almost 4 percent.

Revenue increased to $175.6 million in the fourth quarter of 2009 compared with $157.8 for the same period in 2008.

Posted March 9, 2010

WESTPORT, CT (BRAIN)—Annual sales for Fox Racing Shox fell 7.8 percent in 2009, but the company saw signs of recovery in the fourth quarter with double-digit growth during the last three months of the year.

Posted March 1, 2010

MILAN, Italy (BRAIN)—Oakley posted double digit growth in 2009 despite the rocky economy according to year-end earnings results released Monday by Oakley’s parent, Luxottica Group.

The solid results last year were on top of double-digit growth in 2008, the company said.

Posted February 28, 2010

HEERENVEEN, The Netherlands (BRAIN)—Accell Group cashed in on the growing popularity of bikes for transportation last year, posting a 6 percent increase in sales and a 15 percent spike in profit.

Posted February 25, 2010

PHILADELPHIA, PA (BRAIN)—In the Bicycle Products Supplier Association (BPSA) December report bicycle shipments to dealers fell 9 percent last year. Sales fell a relatively mild 4 percent as the average unit price climbed $18 to $356.

Posted February 16, 2010

WASHINGTON, D.C. (BRAIN)—Imports dropped by more than 3.61 million units in 2009 as bike sales fell during the recession. Overall, importers brought in 14.84 million units last year, a drop of 20 percent from 2008 and the lowest number of bikes imported in a decade.

Posted February 14, 2010

TAIPEI, Taiwan (BRAIN)—Taiwan manufacturers enjoyed a solid start to 2010 with most seeing double digit increases in January revenue.

Giant, the island’s largest bike manufacturer, was up 11.55 percent in January—from $42.7 million in 2009 to $47.6 million for the same month in 2010.

Posted February 14, 2010

OSAKA, Japan (BRAIN)—Shimano’s sales fell to $2.07 billion (186.7 billion Yen) in 2009, down 21 percent from sales of $2.61 billion (235.14 billion Yen) in 2008 and down from its 2007 sales of $2.35 billion (211.77 billion Yen).

Posted February 4, 2010

HELSINKI, Finland (BRAIN)—Mavic’s net sales fell 13 percent in 2009 due to declining OEM orders and weak demand in the U.S., according to year-end financial results released Thursday by Mavic’s parent company, Amer Sports.

Posted January 12, 2010

WASHINGTON, D.C. (BRAIN)—Kids are not only experiencing cuts at school due to the bad economy, but 1.96 million parents decided against a bike purchase for them through November.

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