Earnings/Financial Reports
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the third quarter fell 12% year-over-year, but its founder and CEO Nicholas Woodman said reducing expenses next year will help lead a return to growth.
DULUTH, Ga. (BRAIN) — Fox Factory reported Thursday that sales in its bicycle-related brands grew 38.7% in the third quarter, compared to the same period last year.
(BRAIN) — Compass Diversified saw a net sales increase of 11.8% in its third quarter and recorded net income in the quarter of $31.5 million — compared to a net loss of $3.8 million in the same quarter last year.
OLATHE, Kan. (BRAIN) — Fitness segment sales continue to boost Garmin's growth across all categories as its year-over-year revenue in the third quarter increased 24%.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its first year-over-year revenue growth — 1 % — in two years when it released its third-quarter earnings report Tuesday.
STOCKHOLM (BRAIN) — MIPS' year-over-year net sales jumped 61% in the third quarter boosted by growth in the Sports category, which includes bike helmets. The company attributed the growth to inventory levels improving industry-wide.
LONDON (BRAIN) — Rapha Racing LTD’s total revenues totaled 110 million pounds ($139.7 million at January’s exchange rate) in the 12 months that ended Jan. 28, 2024, down 7% percent from the preceding 12-month period and down from 138 million pounds the year before that.
STOCKHOLM (BRAIN) — Thule Group net sales in the third quarter increased 1.4% year-over-year, but its CEO said the North American market continues to lag "with cautious consumers and retailers."
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 7.8% in the second quarter and improved its full-year outlook.
TAIPEI, Taiwan (BRAIN) — Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation second-quarter revenue was down 18% year-over-year, but CEO Sean Macdonald said the cycling and motorcycle protective brand sees signs of future growth.
SAN MATEO, Calif. (BRAIN) — GoPro Inc.'s second-quarter revenue declined 23% year-over-year with retail-channel sales down 17% during the same period.
ANOKA, Minn. (BRAIN) — Sales declined 13.6% and gross profit decreased 14.2% in the most recent quarter for Vista Outdoor's Revelyst business unit, which includes its bicycle-related brands. The company continues to negotiate with two potential buyers for its Kinetic Group ammunition business and for the entire business. And its board recently announced it's exploring "a full range of alternatives" for Revelyst.
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