Earnings/Financial Reports

Posted May 12, 2008

WESTPORT, CT (BRAIN)—Sales at Fox Racing Shox jumped 47.5 percent in the first quarter of 2008, although the company posted an operation loss of $198,000.

Posted May 8, 2008

PHILDELPHIA, PA (BRAIN)—The Bicycle Product Suppliers Association (BPSA) reports that dollar sales of its members to dealers were down 10 percent compared with the same quarter last year. Unit shipments were down 18 percent over the same period.

Posted May 1, 2008

MONTREAL, Quebec (BRAIN)—With two months of Cannondale and Sugoi sales on the books, Dorel Industries reported a strong first quarter as revenue in its bicycle division soared 55 percent.

Posted April 29, 2008

HEERENVEEN, The Netherlands (BRAIN)—Strong sales of bicycles and parts and accessories propelled profits for the Accell Group in the first quarter of 2008.

Posted April 24, 2008

MILAN, Italy (BRAIN)—Oakley reported a 15-percent jump in sales in the first quarter of 2008 and saw double-digit growth in both its optics and apparel/footwear segments, according to Luxottica's first quarter earnings report released on Thursday.

Luxottica acquired Oakley last November.

Posted April 13, 2008

PARIS, France (BRAIN)—French bicycle sales were flat last year at 3.53 million units, barely unchanged from a disappointing 2006 and still short of 2005’s 3.7 million, according to the annual report from the French industry association Tous á Velo.

Posted April 13, 2008

COLOGNE, Germany, and PARIS, France (BRAIN)—Germany’s independent bicycle retailers gained a bit of market share last year, while French independents held what they had.

Posted April 1, 2008

MONTREAL, Quebec (BRAIN)—Canada’s Dorel Industries will no longer file certain reports with the U.S. Securities Exchange Commission, but remains a public company traded on the Toronto Stock Exchange.

Posted March 26, 2008

VAN NUYS, CA (BRAIN)—Last year's merger of Easton Sports and Riddell Bell Holdings has paid off in a big way for the now combined company.

Posted March 12, 2008

MONTREAL, Quebec (BRAIN)—Dorel Industries reports that bicycle sales drove a 10 percent increase in sales by its recreational/leisure segment. Dorel owns Pacific Cycle, makers of Mongoose, GT and Schwinn bicycles.

These earnings don't reflect the company's recent purchase of Cannondale.

Posted March 12, 2008

PHILDELPHIA, PA (BRAIN)—January was a slim month for suppliers who shipped 18 percent fewer bikes worth 18 percent fewer dollars to retailers then they did last year, according to the Bicycle Product Supplier Association (BPSA).

Posted February 27, 2008

OSAKA, Japan (BRAIN)—Shimano’s 2007 net income jumped 44 percent, to about $178 million, after the components giant set an all-time sales record of nearly $1.9 billion last year.

Posted February 1, 2008


SAN DIEGO, CA—It appears the bicycle industry shrugged off Wall Street’s woes and a year-long drumbeat of sour economic news, posting respectable 4 percent growth in wholesale revenue last year.


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