Tag Archives: sales

Science in Sport reports 24% revenue growth

Science in Sport has released its interim results for the six months ending 30th June, with revenue up 24% to £29.3 million. Group gross margin percentage increased to 52% from 48%. Underlying EBITDA improved by £0.8 million to £0.6 million, which was after c.£0.7 million of one-off Brexit-related costs, said …

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Supply chain disruption hits Halfords’ cycling business, retailer ‘remains confident’ on long-term outlook

Halfords has announced its trading performance for the 20-week period to 20th August, with cycling down 22.8% LFL compared to FY21. “The first 20 weeks of FY22 delivered a strong trading performance against a hugely challenging backdrop,” said Graham Stapleton, chief executive officer. “Our motoring business now represents 65% of …

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22 million bikes and e-bikes sold across EU and UK during 2020, data reveals

CONEBI has released its 2021 European Bicycle Industry and Market Profile Report, with sales shooting up 40% to €18.3 billion or 22 million units sold (bikes and e-bikes) across the EU and UK during the course of 2020. “Spurred on by booming consumer demand, investments in cycling infrastructure and political commitments …

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BRC reports retail sales growth in June

The British Retail Consortium (BRC) has reported retail sales growth, with total sales increasing by 13.1% in June (Yo2Y), against a decline of 1.3% in June 2019 (YoY). UK retail sales increased 17% on a like-for-like basis from June 2019, when they had decreased 1.6% from the preceding year. Online …

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Bristol-based bike parts manufacturer reports 250% growth in online sales to US

Tru Tension has reported a 250% growth in online sales in the last year to the US. The Bristol-based bike parts manufacturer, which was featured on Dragon’s Den in 2018, expects to generate sales of £20 million over the next five years. Tru Tension was established by Chris Frappell in 2015 …

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Halfords sees strong demand for cycling products but says supply challenges “remain acute”

Halfords has announced its preliminary results for the 52 weeks to 2nd April 2021, with strong performance driven by share gains in motoring services, profitability improvements across the group, and share gains and strong demand in cycling. LFL sales grew 14.6%, with cycling up 54.1% LFL. There was strong cycling …

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‘3.3 million bikes sold in 2020’, research finds

UK bike volume sales rose an estimated 22% in 2020, according to the latest research from Mintel, with the number of bikes sold reaching an estimated 3.3 million, up from 2.7 million in 2019. Over a fifth (21%) of cyclists have bought a bike for themselves in the past 12 …

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Pendle Bike Racks reports sales surge of trike racks

Pendle Bike Racks has reported a surge in sales of its trike racks, as people of all ages and abilities across the UK take to cycling on three wheels. Sales of its wheel support trike rack are up by a third on last year, with trikes proving increasingly popular with …

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Fox Factory reports third consecutive quarter of record sales, bolsters leadership team

Fox Factory has reported financial results for the first quarter ending 2nd April, with a sales increase of 52.5% to $281.1 million, compared to $184.4 million in the same period last fiscal year. Gross margin increased 410 basis points to 34.8%, compared to 30.7% in the same period last fiscal …

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Dorel Sports sees Q1 revenue increase by 43.6%

Dorel Sports has delivered its eighth consecutive quarter of revenue growth, with first-quarter revenue increasing to $270.3 million – an increase of $82.1 million or 43.6% from $188.2 million last year. The demand for bicycles continued ‘unabated’, said the company, as people continue to choose cycling for physical activity and …

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