Earnings/Financial Reports
STOCKHOLM (BRAIN) — Bike helmets continue to lead MIPS' revenue surge during the bike boom with third-quarter net sales increasing 81% year-over-year.
OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue increased 7% year-over-year, aided by a slight jump in fitness sales driven by cycling and wearable products.
Shimano said it increased production during the period and that its new 12-speed Dura-Ace and Ultegra groups "were enormously well-received by customers."
STOCKHOLM (BRAIN) — Thule Group's net sales increased 13.8% year-over-year in the third quarter in part because of fulfilling demand despite a tangled global supply chain, the company said.
NEW YORK (BRAIN) — Peloton Interactive's fourth-quarter revenue grew 54% over last year's final quarter, to $937 million, as the company's fiscal year revenues topped $4 billion for the first time.
PITTSBURGH (BRAIN) — Dick's Sporting Goods had another record earnings period, reporting net sales increased 20.7% year-over-year.
DRESDEN, Germany (BRAIN) — E-commerce retailer Bike24, which joined the Frankfurt stock exchange after an IPO in June, is reporting that its sales were up
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported second-quarter revenue increased 106% and net income 257% year-over-year, the fourth consecutive quarter of record-breaking growth for the protective gear manufacturer.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory's sales in its Speciality Sports Group, its bicycle-product division, were up 64% in the second fiscal quarter and 73% for the first half, compared to the same periods last year.
TAICHUNG, Taiwan (BRAIN) — Giant Group set a new second-quarter record for net sales and earnings per share as global demand for its bikes and e-bikes remained strong. Sales of e-bikes, both under its own brand and for its OE customers, accounted for 30% of Giant's sales in the first half.
MONTRÉAL (BRAIN) — Dorel Sports — the Dorel Industries division that includes its bicycle businesses — recorded an 11% sales increase in its second fiscal quarter this year, compared to the same quarter last year.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. second-quarter revenue increased 86% year-over-year led by a 48% jump in online revenue.
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.
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