Earnings/Financial Reports
KENT, WA (BRAIN) — REI increased sales by 7.4 percent to $1.93 billion in 2012 but saw net income drop 3.9 percent to $29 million due to tighter margins, according to the company’s year-end earnings statement.
WESTPORT, CT (BRAIN) — Compass Diversified Holdings, parent of Camelbak and Fox, reported strong growth in sales of both brands during 2012.
MONTREAL, Quebec (BRAIN) — Dorel Industries’ bike division saw a 7 percent gain in revenue in 2012. Total revenue across the recreational and leisure segment was $928 million, up from $861 million the previous year. The segment includes all of its bicycle brands.
OSAKA, Japan (BRAIN) — Shimano sales gained 11 percent last year as bicycle product sales grew 12 percent and fishing sales grew 8 percent.
SANTA CRUZ, CA (BRAIN) — Suspension brand X-Fusion's sales were up 20 percent last year, the company announced this week.
LOS ANGELES, CA (BRAIN) — Sport Chalet on Wednesday reported disappointing earnings for its fiscal third quarter, as the company’s net loss widened to $1.9 million from $1 million a year earlier.
HELSINKI, Finland (BRAIN) — Mavic’s sales rose 7 percent to $174 million (129 million euros) last year, and jumped 5 percent during the final quarter, according to Amer Sports. Amer Sports is the parent company of Mavic as well as Salomon, Atomic, Arc’teryx and other brands.
NEW YORK, NY (BRAIN) — GPS giant Garmin Ltd. will be included in the Standard & Poor's 500 index starting Thursday, the company announced.
Garmin is traded on the Nasdaq exchange under the ticker symbol GRMN. The company will replace Chicago printer RR Donnelley & Sons (Nasdaq: RRD) on the index.
PITTSBURGH, PA (BRAIN) — Fueled by strong online sales, third-quarter net income at Dick’s Sporting Goods Inc. rose 21 percent, to $50.1 million from $41.5 million a year earlier.
LOS ANGELES, CA (BRAIN) — Sports Chalet’s sales for its fiscal second quarter rose 3.9 percent to $91.5 million as same-store sales jumped 5.5 percent for the 13 weeks ended Sept. 30, the sporting goods chain reported Wednesday.
WESTPORT, CT (BRAIN) — Fox sales over the first nine months of the year hit $179.3 million, up $28.8 million from last year. Over the same period, sister company CamelBak saw sales of $121.1 million, $6.4 million over last year, according to financial data released by parent company, Compass Diversified Holdings.
OSAKA, Japan (BRAIN) — Growing sales in North America and Asia boosted Shimano’s sales over the first nine months of the year to $2.3 billion (182.7 billion Yen), compared to $2 billion (161.6 billion Yen) over the same period last year.
HELSINKI, Finland (BRAIN) — Mavic sales rose 7 percent in the third quarter of the year led by increased sales in helmets, apparel and footwear, according to an earnings report released by Amer Sports.
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