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Earnings/Financial Reports

Posted March 4, 2014
Discounting, restructuring costs cut into bike profits

MONTREAL (BRAIN) — Dorel reported an increase of 8.3 percent, or 18.8 million, in fourth-quarter revenue across its recreational and leisure division.

Posted in North America Tagged Earnings/Financial Reports
Posted February 27, 2014

FORT COLLINS, Colo. (BRAIN) — TJX Companies Inc., which bought outdoor discounter Sierra Trading Post in 2012, is planning to expand STP’s brick and mortar business. 

Posted in Retail News Tagged Earnings/Financial Reports
Posted February 19, 2014
CFO to step down within next year.

OLATHE, Kan. (BRAIN) — Shares of Garmin Ltd. soared to a five-year high Wednesday after the company reported that fourth-quarter earnings rose 27 percent on record sales in its outdoor, fitness, aviation and marine segments.

Posted in North America Tagged Earnings/Financial Reports
Posted February 18, 2014

PITTSBURGH, Pa. (BRAIN) — Dick's Sporting Goods has reported that fourth quarter 2013 consolidated same-store sales exceeded the company's predictions. As a result, Dick's has increased its fourth quarter and full year 2013 expectations.

Posted in Retail News Tagged Earnings/Financial Reports
Posted February 11, 2014

KETCHUM, Idaho (BRAIN) — Clothing brand Club Ride is reporting sales of $1.7 million last year, a 119 percent increase over 2012, when the company's net sales were $779,000.

The privately held company voluntarily publishes its sales figures.

Posted in North America Tagged Earnings/Financial Reports
Posted February 7, 2014
However, company forecasts 20 to 25 percent increase for first quarter of 2014.

MONTREAL, Quebec (BRAIN) — Dorel Industries’ earnings for the fourth quarter and all of 2013 in its recreational and leisure segment — which includes Cannondale, GT, Mongoose, Schwinn and Dorel’s mass-market bike brands — will come in lower than a year earlier due to “a poorer product mix” and late order delivery at Cycling Sports Group, the company announced.

Posted in North America Tagged Earnings/Financial Reports
Posted February 5, 2014

OSAKA, Japan (BRAIN) — Unfavorable weather in Europe and North America was countered by strong sales in China and a growing service parts business in all markets to drive Shimano’s sales 10 percent higher in 2013 to $2.68 billion (271.037 billion yen).

Posted in International Tagged Earnings/Financial Reports
Posted February 4, 2014

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp.’s sales for the year increased 15 percent, or $36.1 million, to $272 million, and its fourth-quarter sales were also up 15 percent to $65 million, the company said in a preliminary earnings statement.

Posted in Industry News Tagged Earnings/Financial Reports
Posted February 3, 2014

LOS ANGELES (BRAIN) — Despite lackluster holiday sales due to unseasonably mild winter weather in the Western U.S., Sport Chalet’s fiscal third quarter was its most profitable quarter since 2007, the sporting goods chain reported Monday.

Posted in Retail News Tagged Earnings/Financial Reports
Posted November 22, 2013

LONDON, UK (BRAIN) — Future Publishing, parent of Cyclingnews.com, BikeRadar.com, CyclingPlus magazine and other cycling titles, is reporting that its normalized revenues increased 3 percent in its recently concluded fiscal year.

Posted in International Tagged Media/Publishing / Earnings/Financial Reports
Posted November 21, 2013

TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing continues to rack up profits as it closed its third quarter thanks to sales in China, where revenue grew 28 percent and the average selling price per unit continued to improve.

Posted in North America Tagged Earnings/Financial Reports
Posted November 19, 2013

HEERENVEEN, Netherlands (BRAIN) — Accell Group expects revenue for full-year 2013 to be up compared with 2012 despite lower preseason sales and rampant product discounting at the end of the season. 

Posted in International Tagged Earnings/Financial Reports
Posted November 19, 2013

TORONTO, Ontario (BRAIN) — Onex Corp., which owns Interbike, Outdoor Retailer and Bicycle Retailer, is reporting a sales increase of 16 percent to $7.1 billion in its third quarter compared with the same period of the prior year.

Posted in North America Tagged Earnings/Financial Reports
Posted November 11, 2013

LOS ANGELES, CA (BRAIN) — Southwest retailer Sport Chalet saw sales fall 5.2 percent in its more recent quarter, although the chain’s online retailing was up 32 percent. The company showed a net loss of $3 million in its second quarter.

Posted in Retail News Tagged Earnings/Financial Reports
Posted November 7, 2013

WESTPORT, CT (BRAIN) — CamelBak revenue was down 5 percent in the third quarter, a decline being blamed on cold, wet weather and the U.S. military's drawdown.

Posted in North America Tagged Earnings/Financial Reports
Posted November 7, 2013
Preseason orders down from last year as dealers remain cautious.

MONTREAL, Quebec (BRAIN) — Dorel’s recreational and leisure business rebounded from a disappointing second quarter, officials told investors Thursday morning during a third-quarter earnings call.

Posted in North America Tagged Earnings/Financial Reports
Posted November 7, 2013

SCOTTS VALLEY, CA (BRAIN) — Fox Factory Holding Corp. reported that sales for the third quarter increased by $9.4 million, or 12.9 percent, to $82.3 million, compared with the same period last year. The growth was largely driven by mountain bike and powered-vehicle suspension products.  

Posted in North America Tagged Earnings/Financial Reports
Posted November 5, 2013
CEO says Bell and Giro orders are up, but calls Easton cycling 'troubled' and promises a strategic shift

SCOTTS VALLEY, CA (BRAIN) — Easton-Bell Sports' cycling product sales declined $4.5 million in the quarter that ended Sept. 28, and CEO Terry Lee indicated much of the loss came from the Easton cycling division, which he called "troubled."

Posted in North America Tagged Earnings/Financial Reports
Posted November 5, 2013

CARLSBAD, CA (BRAIN) — Spy Inc. on Tuesday reported its 10th consecutive quarter of year-over-year sales growth, with third-quarter sales ticking up 3 percent to $10.2 million from $9.9 million a year earlier.

Posted in Industry News Tagged Earnings/Financial Reports
Posted October 30, 2013
Brand enters action camera market.

OLATHE, KS (BRAIN) — Garmin Ltd.’s fitness division, which includes the company’s cycling products, saw strong sales growth in the third quarter, a period that included the introduction of the new Edge Touring cycle computer and Vector power meter. 

Posted in Industry News Tagged Earnings/Financial Reports

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