Earnings/Financial Reports
CHANHASSEN, Minn. (BRAIN) — Life Time Group Holdings, the parent of bike events including the Leadville 100, the Sea Otter Classic and Unbound Gravel, reports that revenue in its "other" category was up 25.7% in the first half of the year.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/vista_outdoor_0.jpeg?itok=-9aq9wvj)
ANOKA, Minn. (BRAIN) — In its most recent quarter, Vista Outdoor recorded an 8% sales increase in its Outdoor Products business unit, which encompasses Bell, Giro, Fox Racing, Blackburn, QuietKat, and CamelBak, among other brands. Much of the increase, however, was due to acquisitions — including Fox Racing.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screenshot_2023-07-25_at_11.09.13_am.png?itok=0AFe6HoK)
OSAKA, Japan (BRAIN) — Shimano says interest in bicycles globally continues as a long-term trend, but that macro-economic conditions and industry inventory levels contributed to a 17.7% decline in sales in its bike business in the second quarter this year, compared to the same period last year.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/mips-logo_3.png?itok=SMRPprWR)
STOCKHOLM (BRAIN) — Continuing decreased bike helmet demand contributed to MIPS' net sales declining 51% year-over-year in the second quarter.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/thule-sweden-vector-logo_0_0_0_10.png?itok=c0nkXHZ9)
STOCKHOLM (BRAIN) — Thule Group's second-quarter net sales decreased 8.6% year-over-year with the company seeing a sales decline in bike-related products in its Americas region. Net sales for the quarter ending in June were SEK 3,029 million ($296 million) compared with SEK 3,314 million at the same time last year.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/hot-logo_4.png?itok=VP7CvNPK)
EL PASO, Texas (BRAIN) — Helen of Troy reported net sales for the first quarter fell 6.6% year-over-year with the Home & Outdoor group, which includes brands Osprey and Hydro Flask, declining 7.3%.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/screenshot_2023-06-29_at_10.38.53_am.png?itok=4J9yg9BH)
BERLIN (BRAIN) — E-commerce company Signa Sports United, owner of WiggleCRC and the Vitus and Nukeproof bike brands, reported a 2% decline in first-half revenue, saying "subdued demand and market overstock" weighed on its results.
Its first-half net revenue was 441 million euros ($480 million).
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/1-3_0_9.jpg?itok=Frxp0mAH)
PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased 5.3% year-over-year, driven by a 2.7% increase in transactions and higher average ticket.
TAIPEI (BRAIN) — Taiwanese bike makers Giant Group, Ideal Bike Corporation and Merida Industry Co., LTD each released their first-quarter earnings reports this month.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/leatt-logo-01-01_2-2_7.png?itok=zrQzMy94)
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation experienced a swift decline in first-quarter revenue compared with its record-breaking prior year period with CEO Sean Macdonald citing "supply chain dynamics" and "challenging stocking and inventory issues."
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/gopro-logo_0_7.png?itok=MUHJ4HCR)
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.
![](https://bicycleretailer.com/sites/default/files/styles/thumbnail/public/images/article/orbea_2023_-_small.jpg?itok=nQSJ2VjI)
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.