Earnings/Financial Reports

Posted May 9, 2023
The brand will restore product pricing to pre-pandemic levels.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. first-quarter revenue decreased 19.4% year-over-year, but founder and CEO Nicholas Woodman said the company exceeded expectations for product and subscription service demand.

Posted May 9, 2023

MALLABIA, Spain (BRAIN) — Orbea has doubled its workforce in the last three years and now has more than 1,000 employees, with 80% of the in Spain's Basque Country.

Posted May 5, 2023
Lizard Skins is celebrating 30 years in business this year.

WESTPORT, Conn. (BRAIN) — Compass Diversified (CODI), the owner of Boa, Lizard Skins, PrimaLoft and other brands, had net sales of $542 million in its first quarter, up 6% from the same quarter last year.

Posted May 5, 2023

NEW YORK (BRAIN) — Emerald Holding, Inc. had revenues of $122.3 million for the first quarter of 2023, an increase of 24.2% over the same period last year. Net income was $7.1 million for the quarter, compared to $16.1 million for the first quarter of 2022.

Posted May 4, 2023
On an earnings call, Fox's CEO reveals that Fox made layoffs in its bike division in Q1 and is close to making a small acquisition in the industry.
Fox released updated Float mountain bike shocks last month.

DULUTH, Ga. (BRAIN) — Fox executives said the decline was a return to seasonality after several years of pandemic-driven demand for its Speciality Sports Group products.

Posted May 4, 2023
Fox Racing president Jeff McGuane says industry inventory levels are improving and discusses Fox integration in an earnings call.

ANOKA, Minn. (BRAIN) — Vista Outdoor’s Action Sports business unit recorded net sales of $496 million in its most recent fiscal year, a 23% increase from the prior year.

Posted May 3, 2023

OLATHE, Kan. (BRAIN) — Garmin Ltd. first-quarter revenue decreased 2% year-over-year despite its Fitness segment revenue increasing 11%.

Posted April 28, 2023

STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales were down 26.6% year-over-year, largely due to declining bike-product demand from retailers lowering inventory levels.

Posted April 27, 2023
CEO Julien R. Mininberg will retire in February 2024.

EL PASO, Texas (BRAIN) — Helen of Troy fourth-quarter net sales decreased 16.7% year-over-year. The parent company of Osprey and Hydro Flask also reported its yearly net sales declined 6.8%.

Posted April 26, 2023

CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, Inc., the owner of the Sea Otter Classic and other cycling events, saw a 30% revenue increase, year-over-year, in the first quarter. 

Posted April 26, 2023

STOCKHOLM (BRAIN) — MIPS' net sales decreased 35% year-over-year in the first quarter as bike helmet demand continued to wane.

Posted April 25, 2023
Company-wide, Shimano is forecasting that net income will be 46% below 2022's results this year.

OSAKA, Japan (BRAIN) — Shimano's first-quarter net income in its bike division fell 16.8% from last year, while its operating income in the segment was down 31.8%.

Posted April 19, 2023

SEATTLE (BRAIN) — REI Co-op reported a record $3.85 billion in sales in 2022, an increase of 3.2% year-over-year. It released its financial results and impact report Wednesday.

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