Tag Archives: sales

Data reveals sport, entertainment and recreation firms holding 123% more stock compared to pre-pandemic

New industry data has revealed that businesses in the sport, entertainment and recreation sector are holding 123% more stock compared to pre-pandemic levels. Unleashed’s Manufacturers Health Check report used data from its inventory management software to track how SMEs in the UK have fared in 2022. The report shows businesses …

Read More »

Thule reports ‘rapidly declining’ demand for bike-related products in third quarter

Thule Group has published its interim report for July to September 2022, reporting a 23% decline in third-quarter sales year-on-year. Net sales for the quarter amounted to SEK 2,139m. Adjusted for exchange rate fluctuations, sales declined 29.4%. Net sales for the first nine months of the year amounted to SEK …

Read More »

Interest in bikes shows signs of ‘cooling down’, says Shimano, but demand remains above pre-Covid levels

Shimano has published its summary of consolidated financial results for the first nine months of FY2022. The company said demand for bicycles remained above the pre-Covid-19 levels, despite the fact that strong interest in bicycles showed signs of cooling down. Net sales from this segment increased 20.6% from the same …

Read More »

Fox Factory reports 23.9% sales increase in Q2

Fox Factory has reported financial results for the second quarter ended 1st July 2022. Sales increased 23.9% to $406.7 million, compared to $328.2 million in the same period last fiscal year. Fox said this increase reflects a 28.1% increase in Specialty Sports Group sales and a 20.9% increase in Powered …

Read More »

Vista Outdoor reports sales increase of 21% in first quarter of FY23

Vista Outdoor has reported its financial results for the first quarter of the fiscal year 2023 (FY23). For the three months ended 26th June 2022 versus the three months ended 27th June 2021, sales increased 21% to $803 million driven by strong double-digit growth in sporting products, said the company, …

Read More »

European bike and e-bike sales reach record levels, CONEBI reports

The European bicycle industry is continuing to grow with increased figures and records in sales as well as in the production of bikes and e-bikes, the latest annual European Bicycle Industry and Market Profile by CONEBI has reported. During the second year of the pandemic, consumer demand continued to be …

Read More »

Signa Sports United reports Q2 FY22 net revenue of €269 million

Online sports retail and tech company Signa Sports United (SSU) has reported its financial results for the second quarter of the fiscal year 2022. Net revenue grew 48% YoY to €269 million in Q2 FY22 and 29% YoY to €481 million in H1 FY22, said the company, and gross profit …

Read More »

Giant Group reports 17% sales growth in 2021 financial report

The Giant Group has reported sales growth of 17% in its 2021 financial report, with the group reaching consolidated sales of NT $81.8 billion (£2.17 billion). The surge in bicycle demand continued last year, said the company, and the group’s sales growth was also aided by growing demand for e-bikes in …

Read More »

Dorel Sports reports 12% revenue increase for 2021

Dorel Industries has reported its fourth quarter and 2021 year-end results, with Dorel Sports seeing fourth quarter revenue increase to $280.7 million, an increase of $15.3 million, or 5.8%, from last year. Full year revenue was $1.2 billion, up $127.2 million or 12.2% from last year. Fourth quarter operating profit …

Read More »

Vista Outdoor reports record sales in third quarter FY22 financial results

Vista Outdoor has reported its financial results for the third quarter of its fiscal year 2022, which ended on 26th December 2021, with sales increasing by 38% to $795 million. For the company’s outdoor products, sales increased 17% to $335 million, driven by double-digit growth in outdoor recreation and action …

Read More »