Earnings/Financial Reports
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%.
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.
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.
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.
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.
PITTSBURGH (BRAIN) — Dick's Sporting Goods' net sales increased 6% in the third quarter compared to the same time last year, the company's biggest quarterly increase since 2013.
TAICHUNG, Taiwan (BRAIN) — Giant Group continues to post strong growth in revenue through the first three quarters of the year, driven by a 40% increase in European sales of its e-bikes.
CAPE TOWN, South Africa (BRAIN) — Leatt Corp.'s third quarter was its strongest ever, according to its chief executive officer, with the protective gear brand's global revenue increasing 12% compared to the same time last year.
SHANGHAI, China (BRAIN) — Bafang Electric has debuted on the Shanghai Stock Exchange, selling 30 million shares on the capital market and raising 1.3 billion Yuan ($186 million). The shares account for 25% of the company's total share capital.
STOCKHOLM (BRAIN) — Net sales for MIPS continue to increase in 2019, with the helmet technology company reporting 38% growth during the first nine months.
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