Earnings/Financial Reports
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing Co. LTD enjoyed a 5.3% increase in first half revenue driven by growing demand for e-bikes in Europe as well as favorable exchange rates. Recovering sales in China also helped boost revenue. Giant reported its first half numbers Wednesday.
CAPE TOWN, South Africa (BRAIN) — Leatt Corp. revenues increased 10% in the second quarter over the same period last year.
NEW YORK (BRAIN) — Vista Outdoor says sales in its Action Sports division, which includes Bell, Giro, and Blackburn, were strong in the specialty channel in its Q1, but sales in the mass market channel were soft.
MONTREAL (BRAIN) — Dorel Sports revenue was up 7.4% in the second quarter, to $241 million, according to a financial report Friday from Dorel Industries, the company's parent.
Dorel Sports contains the company's bike brands, Cannondale, Schwinn, Caloi, GT, Mongoose and KidTrax.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenues increased by 3% to $292 million in the second quarter compared to the same period last year.
SAN JUAN CAPISTRANO, Calif. (BRAIN) — Emerald Expositions Events, Inc., the parent company of the Outdoor Retailer trade shows and the on-hiatus Interbike show, saw revenues increase 31.4% in its second quarter, which ended June 30. Net income was up 93.2%, to $11.4 million for the quarter.
BRASELTON, Ga. (BRAIN) — Fox Factory Holding Corp. reported that sales in its Specialty Sports Group — its bike-related business — were up 3.1% in the second quarter, which ended June 28. The Specialty Sports Group includes the Fox, Marzocchi, Easton cycling and RaceFace brands.
OLATHE, Kan. (BRAIN) —Garmin Ltd. posted record second-quarter revenue of $955 million, an increase of 7% over the prior year's quarter and raising revenue expectations for the rest of the year.
OSAKA, Japan (BRAIN) — Shimano's net sales in its bicycle components division were up 4.1% in the first half of its fiscal year, which ended June 30. Operating income in the division decreased 3%, however.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. reported total group revenues of 683 million euros ($766 million) in its first fiscal half, up 7.4% from the same period last year. Net profit for the group was up 16.5% to 29.7 million euros.
NEW YORK (BRAIN) — DICK'S Sporting Goods showed improvement in its first quarter, exceeding forecasts and raising its full-year guidance. The retailer reported net sales of $1.92 billion, up 0.6% over the same period last year.
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing registered first quarter sales of NT$14.69 billion ($467 million), up 5.2% compared to 2018's first quarter.
ANOKA, Minn. (BRAIN) — Vista Outdoor, Inc. is continuing to back away from its previously announced plans to sell off its Bell and Giro businesses.
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