Earnings/Financial Reports

Posted May 4, 2017

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holdings reported a 32.6 percent increase in sales in its fiscal first quarter and has raised its guidance for the second quarter and the full fiscal year, for both sales and earnings.

Posted May 3, 2017

OLATHE, Kan. (BRAIN) —  Garmin on Wednesday reported a 2 percent gain in first-quarter revenue, to $639 million, as sales growth in its outdoor, marine and aviation segments countered declines in fitness and automotive sales.

Posted April 28, 2017

SAN MATEO, Calif. (BRAIN) —GoPro on Thursday reported a first-quarter loss of $111.2 million on revenue that rose 19 percent to $218.6 million, topping the company’s guidance for the period.

Posted April 27, 2017

HELSINKI (BRAIN) — Amer Sports Corporation is reporting that its cycling sales — comprising business by its Mavic and Enve brands — were down 5 percent in the January through March period, compared to the same period last year.

Posted April 25, 2017

HEERENVEEN, Netherlands (BRAIN) —  Accell Group, which planned to hold its annual meeting of shareholders on Tuesday, said its sales in the first months of 2017 were at the same level as last year.

Posted April 25, 2017
Net sales in the bike division were down 0.9 percent in Q1.

OSAKA, Japan (BRAIN) — Shimano's bike-related sales were down 0.9 percent in the first quarter compared with the same period last year, while operating income in the segment was down 3.2 percent.

Posted March 29, 2017
Sales down 5.5 percent last year.

TAICHUNG, Taiwan (BRAIN) — Revenue at Giant Manufacturing, the world's largest maker of bicycles, slumped last year driven down by weak sales in China and lower sales in the U.S. as high inventory levels and heavy discounting took its toll.

Posted March 29, 2017

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corporation recorded sales of $16.4 million last year, down from $18.3 million the year before. The company recorded a net loss of $455,000 last year.

The company is headquartered in South Africa and its stock is traded on OTCQB market. 

Posted March 16, 2017

SEATTLE, Wash. (BRAIN) — REI revenues were up 5.5 percent last year, to $2.56 billion. The co-op returned a record $193.7 million in member dividends and credit card rebates and gave back nearly 70 percent of its profits to outdoor community projects and organizations.

Posted March 10, 2017

HEERENVEEN, Netherlands (BRAIN) — On the strength of e-bike sales in Europe — especially in Germany — Accell Group's sales last year were up 6 percent, breaking the one billion-euro barrier for the first time in company history.

Posted March 9, 2017

MONTRÉAL (BRAIN) — During an earnings call Thursday afternoon East Coast time, Dorel executives reassured financial analysts that despite revenue losses in the cycling division, the company is working on maintaining profitability through a number of moves including price increases at Caloi, inventory reduction to improve margins, and cost cutting through restructuring.

Posted March 9, 2017

MONTRÉAL (BRAIN) — Dorel Industries reported a decline in fourth-quarter revenue in its cycling division Thursday. Revenue was down $18.4 million or 7.3 percent to $235.3 million, the company said.

Posted March 1, 2017

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. is reporting a 16.6 percent increase in revenue in its fourth quarter, capping a nearly 10 percent increase in sales for the company's full fiscal year, which ended Dec. 30, 2016.

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