Earnings/Financial Reports
SCHAFFHAUSEN, Switzerland (BRAIN) —Dr. Min H. Kao, the "Min" in Garmin and the company's chairman and CEO, has established a plan to sell a portion of his shares in the company over a designated period.
Two of Kao's family trusts, of which he is a trustee, also will sell shares.
FRIEDRICHSHAFEN, Germany (BRAIN)—SRAM president Stan Day said on Thursday he still feels taking the company public is the right decision for the long-term, and will initiate an IPO as soon as stability and visibility improves in global financial markets.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle tempered its full-year revenue forecast on Thursday due to a weaker than expected spring selling season caused by poor weather in much of Northern Europe.
VAN NUYS, CA (BRAIN)—Easton-Bell Sports' sales grew slightly to $214.1 million over the second quarter of 2012, an increase of 1 percent as compared to $211.9 million over the same period last year.
Dorel Industries, the owner of Cannondale, Schwinn, GT and other bike brands, is reporting that unfavorable currency conditions reduced earnings in its bike division by about $2.5 million in its second quarter.
LOS ANGELES, CA (BRAIN) Wednesday August 8 2012 4:14 PM MT—Sport Chalet on Wednesday reported its first profitable fiscal first quarter in five years as same-store and online sales showed improvement for the period ended July 1.
WATSONVILLE, CA (BRAIN)-Fox Racing Shox sold $17.6 million more suspension products this year than last, pushing its sales to $106.4 million over the first half of the year.
OSAKA, Japan (BRAIN) — Shimano’s sales through the first half of the year hit $1.58 billion (123.56 billion Yen), a 15 percent increase over the same period last year.
HELSINKI, Finland (BRAIN) Thursday August 2 2012 2:17 PM MT—Mavic sales inched up 2 percent in the second quarter of the year according to an earnings report released Thursday by its parent company, Amer Sports.
SCHAFFHAUSEN, Switzerland (BRAIN)—Sales in the outdoor and fitness markets helped lead Garmin, Ltd. to a 7 percent increase in total revenue in its second quarter, to $718 million.
HEERENVEEN, Netherlands (BRAIN) Thursday July 26 2012 7:05 AM MT—Accell Group N.V.
LOS ANGELES, CA (BRAIN) Monday June 4 2012 5:39 PM MT— Sport Chalet saw same-store sales drop 5.3 percent in its fiscal fourth quarter, contributing to a loss of $3.8 million, as unseasonably mild weather continued to be a drag on earnings.
CLOPPENBURG, Germany (BRAIN) Friday May 25 2012 12:28 PM MT—Derby Cycle gained 17.3 percent in revenue in the first half of its financial year, led by significant growth in e-bike sales, according to an earnings report issued Friday.
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