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Cannondale Stands Out In Dorel’s Q4 Earnings

Cannondale Stands Out In Dorel’s Q4 Earnings

Montreal, Quebec-based Dorel Industries Inc.—whose bike brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse—this week reported revenue for the fourth quarter of $653.4 million, down 4.4 percent from $683.5 million a year ago. Cannondale stood out for the company in Q4. Dorel also announced plans to bolster its European Cycling Sports Group operations to support Cannondale's growth there. (Read More)

Adidas Warns Of 10 Percent Q1 Revenue Decline

Adidas Warns Of 10 Percent Q1 Revenue Decline

Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South Korea while the rest of the world grows at a currency-neutral 6 percent to 8 percent. (Read More)

Dick’s Q4 Earnings Rebound Continues, Hunt Category To Exit Most Stores

Dick’s Q4 Earnings Rebound Continues, Hunt Category To Exit Most Stores

Dick’s Sporting Goods reported earnings in the fourth-quarter that again topped Wall Street’s targets as same-store sales jumped 5.3 percent. Plans for 2020 included big investments in golf and soccer categories as well as women's overall. But all the attention went to the retailer’s decision to remove the hunt category from another 440 stores. (Read More)

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