Earnings/Financial Reports
WASHINGTON, D.C. (BRAIN))—Frame and fork exporters, who ended February 67 percent above the year before, really picked up sales over the first quarter. By the end of March they had almost doubled their shipments over 2009, shipping 316,481 kilos of frames and forks, an increase of 155,890 kilos so far this year.
MONTREAL, Quebec (BRAIN)—Dorel Industries’ CEO Martin Schwartz told company shareholders on Thursday that he expected momentum in the bike business to continue into 2010 buoyed by innovative new products and rebounding consumer confidence.
WASHINGTON, D.C. (BRAIN)—U.S. suppliers upped their imports of kids’ bikes by 678,433 units across all juvenile categories through the first quarter, according to numbers from the Department of Commerce. That represents a 48 percent increase over last year.
TAICHUNG, Taiwan (BRAIN)—April revenue at Taiwan’s top two bike manufacturers was up more than 30 percent over the same month last year, potentially indicating an early push for global production of 2011 bikes.
VAN NUYS, CA (BRAIN)—Daily order writing and OEM business for Easton Bell Sports’ cycling brands is starting to pick up after a challenging 2009, Paul Harrington, chief executive officer of Easton Bell Sports, said on Monday.
WESTPORT, CT (BRAIN)—First quarter revenue soared almost 63 percent for Fox Racing Shox due in part to strong sales of mountain biking product, according to earnings figures reported Monday by the company’s parent, Compass Diversified Holdings.
MONTREAL, Quebec (BRAIN)—Revenue and profit grew in Dorel Industries’ bike division during the first quarter of the year as early spring weather and rebounding consumer confidence drove sales at independent bike shops and mass merchants, according to first quarter earnings results released by the company on Thursday
WASHINGTON, D.C. (BRAIN)—Imports across all categories were up 12 percent through February, with strong gains in kids' bikes offsetting losses in adult bike categories, according to the most recent Department of Commerce import report.
MILAN, Italy (BRAIN)—Oakley continued its strong upward curve in the first quarter of 2010 with double-digit growth in the high teens, Andrea Guerra, chief executive officer of Luxottica Group, Oakley’s Italian parent company, said on Thursday.
HELSINKI, Finland (BRAIN)—Mavic showed signs of a rebound in the first three months of 2010, posting sales gains of 8 percent for the period, according to first-quarter earnings results released Thursday by Mavic’s parent company, Amer Sports.
OSAKA, Japan (BRAIN)—Shimano sales over the first quarter were 11 percent higher than the same period last year, and better than the company forecasted.
TAIPEI, Taiwan (BRAIN)—March sales revenue for Taiwan’s two leading manufacturers soared in the double digits, while Ideal’s revenue fell for the second straight month, according to first quarter sales numbers released this week on the Taiwan Stock Exchange.
WATERTOWN, MA (BRAIN)—Seven Cycles sales grew 10 percent over the first quarter compared with last year. The growth exceeded Seven's projections and in order to respond, the company is hiring across the board to keep up.
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