KENT, WA (BRAIN) — REI increased sales by 7.4 percent to $1.93 billion in 2012 but saw net income drop 3.9 percent to $29 million due to tighter margins, according to the company’s year-end earnings statement.
WESTPORT, CT (BRAIN) — Compass Diversified Holdings, parent of Camelbak and Fox, reported strong growth in sales of both brands during 2012.
MONTREAL, Quebec (BRAIN) — Dorel Industries’ bike division saw a 7 percent gain in revenue in 2012. Total revenue across the recreational and leisure segment was $928 million, up from $861 million the previous year. The segment includes all of its bicycle brands.
OSAKA, Japan (BRAIN) — Shimano sales gained 11 percent last year as bicycle product sales grew 12 percent and fishing sales grew 8 percent.
SANTA CRUZ, CA (BRAIN) — Suspension brand X-Fusion's sales were up 20 percent last year, the company announced this week.
LOS ANGELES, CA (BRAIN) — Sport Chalet on Wednesday reported disappointing earnings for its fiscal third quarter, as the company’s net loss widened to $1.9 million from $1 million a year earlier.
HELSINKI, Finland (BRAIN) — Mavic’s sales rose 7 percent to $174 million (129 million euros) last year, and jumped 5 percent during the final quarter, according to Amer Sports. Amer Sports is the parent company of Mavic as well as Salomon, Atomic, Arc’teryx and other brands.
NEW YORK, NY (BRAIN) — GPS giant Garmin Ltd. will be included in the Standard & Poor's 500 index starting Thursday, the company announced.
Garmin is traded on the Nasdaq exchange under the ticker symbol GRMN. The company will replace Chicago printer RR Donnelley & Sons (Nasdaq: RRD) on the index.
PITTSBURGH, PA (BRAIN) — Fueled by strong online sales, third-quarter net income at Dick’s Sporting Goods Inc. rose 21 percent, to $50.1 million from $41.5 million a year earlier.
VAN NUYS, CA (BRAIN) — Continuing economic concerns, particularly in Europe, coupled with back-to-back tough snow seasons led to inflated retail inventories and flat sales during the third quarter for Easton-Bell Sports.
CARLSBAD, CA (BRAIN) — Eyewear supplier Spy reported an 8 percent increase in net sales during the third quarter and 10 percent uptick through the first nine months of the year.
LOS ANGELES, CA (BRAIN) — Sports Chalet’s sales for its fiscal second quarter rose 3.9 percent to $91.5 million as same-store sales jumped 5.5 percent for the 13 weeks ended Sept. 30, the sporting goods chain reported Wednesday.
WESTPORT, CT (BRAIN) — Fox sales over the first nine months of the year hit $179.3 million, up $28.8 million from last year. Over the same period, sister company CamelBak saw sales of $121.1 million, $6.4 million over last year, according to financial data released by parent company, Compass Diversified Holdings.
OSAKA, Japan (BRAIN) — Growing sales in North America and Asia boosted Shimano’s sales over the first nine months of the year to $2.3 billion (182.7 billion Yen), compared to $2 billion (161.6 billion Yen) over the same period last year.
HELSINKI, Finland (BRAIN) — Mavic sales rose 7 percent in the third quarter of the year led by increased sales in helmets, apparel and footwear, according to an earnings report released by Amer Sports.
SCHAFFHAUSEN, Switzerland (BRAIN) —Dr. Min H. Kao, the "Min" in Garmin and the company's chairman and CEO, has established a plan to sell a portion of his shares in the company over a designated period.
Two of Kao's family trusts, of which he is a trustee, also will sell shares.
FRIEDRICHSHAFEN, Germany (BRAIN)—SRAM president Stan Day said on Thursday he still feels taking the company public is the right decision for the long-term, and will initiate an IPO as soon as stability and visibility improves in global financial markets.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle tempered its full-year revenue forecast on Thursday due to a weaker than expected spring selling season caused by poor weather in much of Northern Europe.
VAN NUYS, CA (BRAIN)—Easton-Bell Sports' sales grew slightly to $214.1 million over the second quarter of 2012, an increase of 1 percent as compared to $211.9 million over the same period last year.
Dorel Industries, the owner of Cannondale, Schwinn, GT and other bike brands, is reporting that unfavorable currency conditions reduced earnings in its bike division by about $2.5 million in its second quarter.