Earnings/Financial Reports
HEERENVEEN, the Netherlands (BRAIN)—Accell Group raised its projected 2008 profit from an expected 10-percent increase over 2007 to a 15 percent jump based on the company’s performance so far this year.
WESTPORT, CT (BRAIN)—Sales for Fox Racing Shox jumped $10.2 million in the third quarter of the year, helping to boost the bottom line of its parent company, Compass Diversified Holdings.
VAN NUYS, CA (BRAIN)—Easton Bell saw a 7.8 percent increase in net sales during the third quarter of 2008, thanks in part to strong sales of cycling equipment, according to an earnings report issued last week.
MONTREAL, Quebec (BRAIN)—Dorel Industries reported a big boost in its bike business for the third quarter of the year despite supply issues that delayed shipments of high-end Cannondale bikes.
MILAN, Italy (BRAIN)— Oakley sales rose 16 percent in the third quarter of 2008, helping to boost parent company Luxottica during difficult economic conditions.
Luxottica released earnings for the period ending September 30 during a conference call on Tuesday morning.
FRIEDRICHSHAFEN, Germany (BRAIN)—Executives at Giant Bicycle should be all smiles tomorrow as Eurobike opens to what should be a record number of visitors.
VAN NUYS, CA (BRAIN)—Easton-Bell Sports said on Tuesday that sales of cycling helmets, accessories and components, eyewear, snowsports helmets and other fitness-related products grew 9.4 percent in the second quarter of 2008, helping boost the company’s overall sales by $14 million.
WESTPORT, CT (BRAIN)—Fox Racing Shox earned $34.4 million in the second quarter of 2008 compared with $26.7 million for the same period of 2007, according to an earnings report released by Fox’s parent company, Compass Diversified Holdings, on Monday.
MONTREAL, Quebec (BRAIN)—Dorel Industries reported its highest six-month revenue and net income in company history on Thursday, aided in part by the purchase of Cannondale and Sugoi in the first quarter.
MILAN, Italy (BRAIN)—Oakley sales continued to soar in the second quarter of 2008 with the company reporting another period of double-digit growth. Sales jumped 19.6 percent in the second quarter, on top of the 15 percent growth Oakley saw in the first quarter of the year.
OLATHE, KS (BRAIN)—Garmin reported revenues in its Outdoor/Fitness segment revenue increased 54 percent to $119 million in the second quarter.
The gains were due to the strength of our product introductions in the quarter, including the Colorado series, the Forerunner 405 and the Edge 705.
HEERENVEEN, Netherlands (BRAIN)—Accell Group reported a 20-percent profit for the first half of 2008, crediting the acquisition of Ghost mountain bikes and strong bikes sales for its success.
TAICHUNG, Taiwan (BRAIN)—Stock values for Taiwan’s two leading bicycle makers, Giant and Merida, are going up as investors bet that rising oil prices will boost bicycle demand.
Pages
1600 Pearl St.
Boulder, CO 80302
This website copyright © 2025.
All rights reserved
