Earnings/Financial Reports

ANOKA, Minn. (BRAIN) — Sales in Vista Outdoor's Revelyst business unit — formerly its Outdoor Products segment — decreased 10% in the company's fiscal third quarter, which ended Dec. 24. Revelyst contains bike industry brands Giro, Bell, Fox Racing, QuietKat and others.

EL PASO, Texas (BRAIN) — Helen of Troy third-quarter net sales declined 1.6% year-over-year, despite the Home & Outdoor group's sales increasing 3.1%.

KOBLENZ, Germany (BRAIN) — Privately held Canyon Bicycles announced Monday that its year-on-year sales increased 23% in the first nine months of 2023. However, the company recorded a loss of 1.3 million euros in the period due to discounting and a shortage of some models that were in high demand.
TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first three quarters of the year were NT$62.1 billion ($1.97 billion), a decrease of 12.4% from the same period last year. The manufacturer's net income after tax was NT$3.12 billion, a 45% decrease year-over-year.

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported third-quarter revenue was down 48% and revenue for the first nine months of 2023 dipped 43% year-over-year.
CEO Sean Macdonald said he remains optimistic about the protective gear brand.

WESTPORT, Conn. (BRAIN) — Fox Factory is striking out in a new direction with the acquisition of Marucci Sports, a baseball and softball equipment brand.
Sales decline as the company prepares to sell of its ammunition business unit and spin its outdoor sports brands in a new company called Revelyst. The CEO of Revelyst said the company plans to focus on its "highest potential" brands and may sell other brands.

OLATHE, Kan. (BRAIN) — Garmin Ltd.’s third-quarter revenue increased 12% year-over-year buoyed by the Fitness segment’s growth across all categories.

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings Inc., saw a 23% increase in revenue through the first three fiscal quarters of 2023 as member visits were up 24% over pre-pandemic levels at the company’s fitness clubs.

STOCKHOLM (BRAIN) — Thule Group third-quarter net sales increased 8% year-over-year with bike-related product demand in the European market boosting the surge.

STOCKHOLM (BRAIN) — MIPS had a 32% net sales decline year-over-year in the third quarter that the helmet-technology company said was primarily because of continued weak demand in the bike sub-category.

TOKYO (BRAIN) — Shimano is reporting that sales in bike-related products were down 24.8% in the first three quarters of its fiscal year, compared to the same period last year. The company's operating income in its bike business was down 48.8% over the same period.