Earnings/Financial Reports
OLATHE, Kan. (BRAIN) — Demand for fitness products helped Garmin Ltd. report record consolidated revenue for the second quarter, and the company also announced the acquisition of MYLAPS, a Dutch integrated timing company for running, cycling, and motorsports.
OSAKA, Japan (BRAIN) — Shimano bike division net sales in the first half increased 11.6% year-over-year with the component giant saying strong global interest continues despite inventory remaining high in some regions. In North America, Shimano said retail sales of bikes remained weak while inventory was appropriate.
STOCKHOLM (BRAIN) — Thule Group's net sales in the company's second quarter were up 9.8%, largely thanks to the addition of Quad Lock revenue to the mix. Thule announced it was buying Quad Lock last November.
STOCKHOLM (BRAIN) — Helmet technology brand MIPS reported that sales were up 16% for the first half of the year, with helmet manufacturers initially stalling orders until they got more clarity on tariffs.
TAIPEI, Taiwan (BRAIN) — Giant Group’s revenues in the first half of the year totaled NT$32.6 billion ($1.1 billion), down 12.4% from the same period last year.
EL PASO, Texas (BRAIN) — Helen of Troy, parent company of Osprey and Hydro Flask, reported net sales decreased 10.8% year-over-year in the first quarter with the interim CEO saying tariffs impacted the bottom line.
PITTSBURGH (BRAIN) — Dick's Sporting Goods announced its first-quarter net sales increased 5.2% year-over-year a few weeks after reaching a merger agreement to acquire Foot Locker.
TAIPEI, Taiwan (BRAIN) — Ideal Bike and Merida Industries, two Taiwan-based bike manufacturers, have filed their first-quarter earnings reports with the Taipei stock exchange.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation revenue in the first quarter increased 45% year-over-year driven by a 101% rise in helmet revenue during the period.
TAICHUNG, Taiwan (BRAIN) — Giant Group says a “significant rebound in OEM orders” fueled a 4.9% increase in group revenues in the first quarter compared to the same quarter last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the first quarter declined 14% year-over-year despite the company reducing operating expenses during the period.
DULUTH, Ga. (BRAIN) — Fox Factory saw first-quarter year-over-year sales growth across its three divisions, including a 6.6% increase in sales in its Speciality Sports Group, which contains its bicycle and baseball/softball brands. Company-wide the growth exceeded estimates.
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