Earnings/Financial Reports
ANOKA, Minn. (BRAIN) — Vista Outdoor's Action Sports division, which includes the bike accessory brands Giro, Bell and Blackburn, saw a 26% increase in revenues in the most recent quarter. The division's sales were $92.1 million, up from $72.9 million in the same period last year.
WESTPORT, Conn. (BRAIN) — BOA Technology sales were up 58% in the first half of the year over the same period last year, according to quarterly reports from Compass Diversified, which acquired the company last year for $454 million.
OLATHE, Kan. (BRAIN) — With double-digit growth in all categories, Garmin Ltd. reported second-quarter total revenue increased 53% year-over-year.
OSAKA, Japan (BRAIN) — Shimano only briefly mentioned the global bicycle part shortages in a typically terse first-half financial results announcement, which reported that sales in its bicycle product division were up 73.4% in the first half of its fiscal year, compared to the same period in 2020.
HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V. notched a sales increase of 3.3% in the first half of its fiscal year, but the company said it could have done better if not for supply and logistical issues.
STOCKHOLM (BRAIN) — Continued global demand for bike helmets drove MIPS' year-over-year 115% net sales increase in the second quarter, with organic growth rising 139%.
STOCKHOLM (BRAIN) — Thule Group net sales increased 58.1% for the second quarter year-over-year, partially driven by sport and cargo carrier sales with more people this year traveling by vehicle after the lockdown of 2020.
ORLANDO, Fla. (BRAIN) — Recumbent trike manufacturer Catrike, a privately held company, is announcing that it saw a 70% increase in sales in its fiscal 2020.
PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased a record 119% year-over-year, boosted by a jump in consolidated same-store sales and e-commerce growth.
TAICHUNG, Taiwan (BRAIN) — Giant Group saw sales of NT$20.63 billion ($740 million) in its first quarter, a 54.8% increase over the same period last year. The company's net income grew 170% to NT$1.7 billion with an earnings per share of NT$4.54.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported its best quarter in company history with revenue increasing 71% year-over-year, driven by 109% surge in mountain bike and motocross helmet sales.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue grew 71% year-over-year in the first quarter buoyed by online sales that jumped 224% in the same period.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory on Thursday announced its highest quarterly revenue in company history, driven in part by an 85.5% growth in its bicycle-product division.
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