Earnings/Financial Reports
TAICHUNG, Taiwan (BRAIN) — As fears of COVID 19 have swept through markets worldwide, Giant Group is bracing for a difficult year ahead. However, record revenue for 2019 should help bolster the multi-national company as it attempts to minimize the virus’s impact on its global operations.
![Leatt introduced a line of mountain bike shoes in March. Leatt introduced a line of mountain bike shoes in March.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/6stili-2027.jpg?itok=cHIhosHE)
CAPE TOWN, South Africa (BRAIN) — Protective gear manufacturer Leatt Corp. recorded a 16% increase in revenue for 2019 and a fourth-quarter rise of 32% year-over-year in financial results released through Dec. 31, 2019.
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LONDON (BRAIN) — Nutrition company Science in Sport reported a 24% increase in group revenue for 2019, in part thanks to the addition of PhD Nutrition, which SiS acquired in December 2018.
![The cover of Dorel Sports' 2019 Product Portfolio The cover of Dorel Sports' 2019 Product Portfolio](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screen_shot_2020-03-11_at_8.03.00_pm.png?itok=VXWGMjAz)
MONTRÉAL (BRAIN) — Dorel Sports is reporting flat revenues in the fourth quarter and 2.9% growth for the full year 2019. Dorel Sports is the parent of Cycling Sports Group, Pacific Cycle Group and Caloi. Its bike brands include Cannondale, GT, Fabric and Guru Cycling.
![Dick's Sporting Goods' net sales increased 4.7% for the fourth quarter. Dick's Sporting Goods' net sales increased 4.7% for the fourth quarter.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/images-2.jpeg?itok=bNQUXyHU)
PITTSBURGH (BRAIN) — Net sales at Dick's Sporting Goods increased 4.7% for the fourth quarter, compared to the same time last year, and 3.7% for 2019.
Fourth-quarter net sales were $2.61 billion for the period ending Feb. 1. For 2019, net sales were $8.8 billion, compared to $8.4 billion for 2018.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/bike-forkblock-pod-500x500.jpg?itok=AFChh5n7)
BRASELTON, Ga. (BRAIN) — Fox Factory's sales in the bike market continue steady growth, up 11.3% in the fourth quarter and 6.3% for the full year. Full year sales were $299 million in the bike market, where the company sells products under the Fox, Marzocchi, Race Face and Easton brands.
HEERENVEEN, Netherlands (BRAIN) — Accell Group says its traditional bike sales were down 13% in value last year, while sales of e-bike were up 11% and of cargo bikes up 47%.
![Helped by the Tacx acquisition, Garmin had profitable 2019. Helped by the Tacx acquisition, Garmin had profitable 2019.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/cf-lg-dcdcf7d9-f287-4bdb-894d-44dc1806342b.jpg?itok=EFinP5WY)
OLATHE, Kan. (BRAIN) — Garmin Ltd. total revenue increased 18% in the fourth quarter with the fitness division — which includes Garmin's cycling products — increasing 34% year-over-year.
![MIPS' fourth-quarter net sales increased 41% year-over-year. MIPS' fourth-quarter net sales increased 41% year-over-year.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screen_shot_2019-11-08_at_12.15.29_pm_0.png?itok=u9PKjxtf)
STOCKHOLM (BRAIN) — MIPS' fourth-quarter net sales increased 41% year-over-year, while the helmet technology company's 2019 sales showed a 39% growth.
OSAKA, Japan (BRAIN) — In its bicycle-related business Shimano Inc. saw a 4.6% increase in sales in 2019 compared to 2018 and a 1% increase in operating income in the year.
The company said sales were solid in Europe and North America and even the years'-long downward trend in China has stopped.
![GoPro announced its fourth-quarter earnings. GoPro announced its fourth-quarter earnings.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/gopro-logo.png?itok=1296G-6W)
SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue for the fourth quarter increased 40% year-over-year to $528 million. Revenue for 2019 increased 4% year-over-year, reaching $1.2 billion, for the period ending Dec. 31.
Excluding GoPro drone business, full year revenues increased 7% year-over-year.
![Vista's Action Sports brands saw 3% sales growth. Vista's Action Sports brands saw 3% sales growth.](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screen_shot_2020-02-06_at_4.25.21_pm.png?itok=0uhvqRGm)
ANOKA, Minn. (BRAIN) — Bell and Giro sales were up in Vista Outdoor's third quarter thanks to strong sales of winter sports products, the company announced Thursday.
NEW YORK (BRAIN) — Connected stationary fitness bike brand Peloton Interactive reported revenue of $466.3 million in its second quarter — 77% up from the same quarter last year, but less than the 103% year-over-year growth it reported last quarter.