Earnings/Financial Reports
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PITTSBURGH (BRAIN) — Dick's Sporting Goods reported fourth-quarter net sales increased 19.8% year-over-year, driven by e-commerce and consolidated same store sales. For the year, net sales grew 9.5% over 2019.
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HEERENVEEN, Netherlands (BRAIN) — Accell Group NV announced Friday that its 2020 sales were up 17% over the year before, thanks to a fast recovery following the European COVID-19 lockdowns early last year.
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BRASELTON, Ga. (BRAIN) — Fox Factory’s bicycle-related business was up 22.4% last year, totaling $367 million.
And Fox's CEO said he's optimistic that demand for bikes — especially those with Fox suspension — will remain strong for the rest of 2021 and beyond.
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BOA's full-year net revenue, including pre-acquisition revenue, was $106 million.
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OLATHE, Kan. (BRAIN) — Garmin Ltd.’s growth was partly led by gains in the fitness segment, which includes cycling products.
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STOCKHOLM (BRAIN) — MIPS’ fourth-quarter net sales increased 60% year-over-year with demand for bicycle helmets continuing in lockstep with the demand for bikes during the COVID-19 pandemic.
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STOCKHOLM (BRAIN) — Thule Group’s net sales for the fourth quarter increased 33% year-over-year, helping the sport and cargo carrier manufacturer see an 11% net sales gain for 2020.
![Shimano celebrates its 100th anniversary this year. Shimano celebrates its 100th anniversary this year.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screen_shot_2021-02-09_at_7.29.18_am_0.png?itok=Xsuj9ryc)
TOKYO (BRAIN) — After a rocky start, Shimano managed a 2.7% increase in revenues last year in its bike division, and an 18% increase in operating income in its bike business.
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SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the fourth quarter dropped 32% year-over-year, closing a pandemic-stricken 2020 in which it experienced a 25% overall decline in revenue.
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ANOKA, Minn. (BRAIN) — Bell and Giro's parent company is reporting that revenues in its division that includes those brands saw a sales increase of 18% in its third quarter, which ended Dec. 27.
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PITTSBURGH (BRAIN) — Dick's Sporting Goods reported third-quarter revenue increased 22.9% year-over-year led by a continued rise in e-commerce, which grew 95%, and record store sales.
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TAIPEI, Taiwan (BRAIN) — Merida, one of the largest bike makers in Taiwan and a significant investor in Specialized, posted third-quarter revenues of NT$7.3 billion ($256 million), down slightly from the NT$7.8 billion the manufacturer generated in the same quarter last year.