Earnings/Financial Reports
MONTREAL, Quebec (BRAIN) — Dorel Industries’ earnings for the fourth quarter and all of 2013 in its recreational and leisure segment — which includes Cannondale, GT, Mongoose, Schwinn and Dorel’s mass-market bike brands — will come in lower than a year earlier due to “a poorer product mix” and late order delivery at Cycling Sports Group, the company announced.
OSAKA, Japan (BRAIN) — Unfavorable weather in Europe and North America was countered by strong sales in China and a growing service parts business in all markets to drive Shimano’s sales 10 percent higher in 2013 to $2.68 billion (271.037 billion yen).
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp.’s sales for the year increased 15 percent, or $36.1 million, to $272 million, and its fourth-quarter sales were also up 15 percent to $65 million, the company said in a preliminary earnings statement.
LOS ANGELES (BRAIN) — Despite lackluster holiday sales due to unseasonably mild winter weather in the Western U.S., Sport Chalet’s fiscal third quarter was its most profitable quarter since 2007, the sporting goods chain reported Monday.
LONDON, UK (BRAIN) — Future Publishing, parent of Cyclingnews.com, BikeRadar.com, CyclingPlus magazine and other cycling titles, is reporting that its normalized revenues increased 3 percent in its recently concluded fiscal year.
TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing continues to rack up profits as it closed its third quarter thanks to sales in China, where revenue grew 28 percent and the average selling price per unit continued to improve.
HEERENVEEN, Netherlands (BRAIN) — Accell Group expects revenue for full-year 2013 to be up compared with 2012 despite lower preseason sales and rampant product discounting at the end of the season.
TORONTO, Ontario (BRAIN) — Onex Corp., which owns Interbike, Outdoor Retailer and Bicycle Retailer, is reporting a sales increase of 16 percent to $7.1 billion in its third quarter compared with the same period of the prior year.
LOS ANGELES, CA (BRAIN) — Southwest retailer Sport Chalet saw sales fall 5.2 percent in its more recent quarter, although the chain’s online retailing was up 32 percent. The company showed a net loss of $3 million in its second quarter.
WESTPORT, CT (BRAIN) — CamelBak revenue was down 5 percent in the third quarter, a decline being blamed on cold, wet weather and the U.S. military's drawdown.
MONTREAL, Quebec (BRAIN) — Dorel’s recreational and leisure business rebounded from a disappointing second quarter, officials told investors Thursday morning during a third-quarter earnings call.
SCOTTS VALLEY, CA (BRAIN) — Fox Factory Holding Corp. reported that sales for the third quarter increased by $9.4 million, or 12.9 percent, to $82.3 million, compared with the same period last year. The growth was largely driven by mountain bike and powered-vehicle suspension products.
SCOTTS VALLEY, CA (BRAIN) — Easton-Bell Sports' cycling product sales declined $4.5 million in the quarter that ended Sept. 28, and CEO Terry Lee indicated much of the loss came from the Easton cycling division, which he called "troubled."
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