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Revenue Round Up: Sales Increases Continue Despite Stock Shortages

Mar 31, 2022
by Ed Spratt  
Despite seeing a Lull in the Cycling Boom during this year's Q3 financial reports it appears companies are starting to see big increases in sales at financial years come to a close. Let's get into all the key details from brand's recent Q4 revenue reports.


Shortage of complete bikes stalls Signa Sports United sales

photo

The parent company of Wiggle CRC and other e-commerce sites, Signa Sports United, has reported a net sales increase of 11% during the first quarter despite saying sales would have been higher if more complete bikes were available.

Signa Sports United said net revenue reached €213 million ($236 million) in the quarter with sale up 17% to 892 million euros in the last 12 months. If full bike sales were removed the net revenue actually grew by 24%. The quarter did see a net loss of 165 million euros, versus a loss of 1 million euros in the first quarter last year, but the company closed on a deal where it bought Wiggle CRC in December.

Stephan Zoll, CEO of SSU, said, “This quarter we closed two strategically significant transactions, WiggleCRC and Tennis Express, that allow us to meaningfully enhance the strength of our platform. Despite the macro factors that continue to impact our results, we are focused on driving SSU to be in the strongest possible position to create value in the mid and long-term and we believe we are poised to do so upon the normalization of supply-chain disruptions.”

You can read more here.


Owner of BOA and Lizard Skins, reports annual sales of $1.8B

ION Rascal Select Boa clip shoes. ION K-Sleeve AMP knee pads

Compass Diversified, the owner of both BOA Technologies and Lizard Skins has reported a huge forth quarter with record annual sales.

The company saw fourth-quarter sales of $536.6 million with full-year 2021 revenues sitting at $1.842 billion. Net income for Q4 reached $25.9 million and the full year finishes at $126.8 million. BOA itself saw sales of $14.1 million in the fourth quarter, up from $8.8 million this time last year.

You can read more here.


Fox Factory’s annual revenues up 46%

photo

Fox has reported record-breaking revenues of $1.3 billion last year as executives say all orders for its OE bike products are pre-booked for 2022.

On a call with investors, CEO Mike Dennison said it doesn't see a let-up in demand for Fox, Race Face, Marzocchi and Easton components well into the future.

“While you might see bikes starting to show up in dealer showrooms a little bit more frequently, and a little bit better selection, there is a whole system behind that, from distribution centers to hubs, regionally and internationally, that is still fundamentally empty,” he said. “So I think we’ve got several — multiple — months of demand just to deliver the pre-orders, and then you have 12 or 18 months of rebuilding inventory.”

You can read more here.


Garmin has record-setting revenue growth

photo

Garmin is another company hitting record revenues for the year despite a fourth quarter that saw flat sales for its fitness products.

Revenue for Garmin in the last quarter rose by 3% to $1.39 billion compared with $1.35 billion last year. Revenue was up by 19% rising from $4.1 billion to $4.9 billion, this same time frame saw fitness sales stagnate with a slight fall from $471 million to $470 million. A growth in. smart wearable products offset the fall is cycling product sales.

Cliff Pemble, Garmin's president and CEO said: "We are entering 2022 with a great lineup of recently introduced products and have more exciting product introductions planned throughout the year. I am very proud of what we have accomplished in 2021 and look forward to the opportunities and challenges of the new year."

You can read more here.


MIPS' Q4 net sales rise 41% with yearly sales increasing 67%

MET Veleno Mips

MIPS continues to see an increase in sales as it rises to SEK 198 million compared to SEK 140 million the previous year. Net income also increased by 37% and earning per share went up by 36%.

Over the past year net sales reached SEK 608 million compared with SEK 365 million the previous financial year.

MIPS President and CEO Max Strandwitz said "During the fourth quarter, many helmet factories in China were affected by the power restrictions implemented at the end of the third quarter. Neither in the fourth quarter nor during the full year did MIPS fail to fulfill an order, but the general demand for helmets could not be met, and the helmet factories have not been able to produce at full capacity."

You can read more here.


Thule Q4 net sales up 15%, full-year 33%

Thule Velospace

In its fourth quarter Thule had net sales increase 155 year-over-year with 2021 financial year net sales increasing by 32.7%.

Just in Q4 Thule's net sales were SEK 1,846 million ($203 million), a big increase over the SEK 1,605 million sales at the same time last year. Full 2021 year sales sit at SEK 10,386 million, compared with SEK 7,828 million in 2020.

"During the quarter, we built up inventory levels ahead of the spring, particularly in Europe, and we are also choosing to bring forward several capacity-related investments to ensure flexibility for this year and the future," said Magnus Welander, Thule Group CEO and president. "This means that in 2022, we will invest about 5% of our turnover in expanding and renovating existing production facilities, which is higher than our historical levels."

You can read more here.


Leatt caps record 2021 with record Q4

Richard Kurowski

Leatt has released its latest financials with a record 4th quarter and full-year revenue with gains of more than 80%.

All categories at Leatt saw double-digit growth during 2021 according to the CEO with a 4th quarter revenue of $23.2 million. Yearly revenue jumped 88% compared to 2020 to reach $72.5 million and net income grew 115% to $3.8 million.

bigquotesWe closed out the year with a strong fourth quarter, the strongest quarter in our history in terms of revenue. We have now achieved record-breaking revenues for six consecutive quarters.— Leatt CEO, Sean Macdonald

You can read more here.


Schwalbe secures record turnover during 2021 financial year

photo

Schwalbe also saw records broken as the 2021 financial year saw a 20% growth in sales to reach a huge €273 million.

Despite stock shortages and a global pandemic Schwalbe has seen its turnover nearly double over the past ten years, one of the factors for the recent increase is claimed to be the eBike boom.

bigquotesThe 2021 financial year went extremely well for us. Despite the difficult environment caused by the pandemic, we have grown very strongly – which makes us proud.

With our continuing high level of innovation and the usual Schwalbe quality, we have been setting standards in the e-bike segment for years,” said Bohle. “As a result, we have established ourselves as a benchmark for e-bike tyres among bicycle manufacturers and specialist retailers.— Frank Bohle, managing director of Ralf Bohle GmbH


Giant

photo

Giant has seen a strong beginning of 2022 with year-on-year sales reaching TW$ 6.69 billion, an increase of 18.9%. In January and February Giant saw its revenue increase by 9.61% to TW$13.36 billion in comparison to 2021.

Looking at its full-year sales Giant saw a 17% increase from the 2020 financial year with sales of 81.8 billion New Taiwan dollars ($2.85 billion). In the same period, Giant also reached record profit levels with a net profit of NT$5.93 billion, a 19.8% increase.

Giant has said: "Looking at 2022, inflation, (and the) conflict between Russia and Ukraine will bring more uncertainties to the overall business environment; further increase in operation costs would also put pressure on profitability.

"However, as the world transitions into a post-pandemic New Normal, people will be more health conscious than ever, continuing to engage with nature outdoors and with each other online through indoor cycling. Hence, Giant Group expects this would continue to support the growth of mid- to high cycling products. In addition, consensus in environment protection continue to grow across the world, nations are taking more actions in reducing carbon emission, hence creating a more cycling-friendly environment to encourage bike commuting to solve traffic congestion issues, which will increase the cycling population."


Merida

Merida Ninety-Six 2021

Despite reporting a stable revenue for the first two months of 2022 Merida saw a decrease of 0.18% (TW$ 4.82 billion) and a decline in shipments of 159,674 units or 12.8%. In February alone Meride saw a 14.9% decrease (TW$ 2.29 billion) compared to last February.



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141 Comments
  • 259 13
 The word 'record' is found 11 times in this article.

In these tough times of bike companies 'HAVING to pass their spiralling costs onto the consumer' they sure do seem to have navigated it successfully. Shame we got f*cked.
  • 21 1
 Have you expected any other narrative to that?
  • 14 0
 No record losses for Merida somehow. Only average losses.
  • 97 0
 just for the record, my earnings remained stable for the first quarter
  • 14 3
 Giant is the only one to mention profits. With price increases in the supply chain finally hitting home profit margins have reduced significantly.
  • 30 2
 These are record turnover figures though, not record profit figures. Turnover without profit is pointless. Both things can be true, a company can have record turnover and also need to raise their prices to remain profitable. I am not saying that is the case for all of these companies and some of them likely are making higher profits as well but I would be willing to bet that at least some of them have much lower net profit percentages on those higher revenues than in previous years to the point where they aren't actually making more money.
  • 13 0
 Spoke to a bike-shop owner yesterday. He said prices for him went up 20% in the last 1 1/2 years. But yes, someone, somewhere is making money.
  • 11 1
 @mitochris: Owners and bridge crew of container ships mostly, judging by current shipping costs!
  • 3 2
 @wingguy: not at the current fuel prices
  • 3 0
 @wingguy: Yeah, but they ship less because the containers are stuck in ports. At least that used to be the problem. Don't know whether it still is, but given the zero tolerance attitude in China to Covid, it seems that this can take some time to resolve. My hope is that it accelerates the move of certain industries to produce in a wider range of markets, removing our dependency on a single, non-democratic country.
  • 6 2
 I see the same parallels in the PC market with GPUs. Oh Covid has hurt us and we have to pay more for X,Y,& Z and in the same breath to their investors we have had record sales and profits. F*CK em all!
  • 3 1
 The good news is that if large manufacturers are actually raising the selling prices more than the cost to manufacture/ship/sell have increased. It leaves room for new/small brands to enter the market and still be competitive or even undercut the prices of the big brands.
  • 11 5
 Government prints money and decimates economies. Bike companies to blame.
  • 10 0
 You can have record revenue without having record profits. Also, a lot of these are components...supporting the narrative you're scoffing at. If Fox is making more money, that's off the OEs they're selling parts to. Meaning the OEs do indeed have increased costs.

Year 1 OE sells 3,000 bikes at $5,000 off of costs of $3,000. Revenue = $15,000,000. Profit = $6,000,000
Year 2 OE sells 3,200 bikes at $5,500 off of costs of $3,700. Revenue = $17,600,000. Profit = $5,760,000
  • 2 0
 @Muggsly: Its not that there margins have increased, it costs more to make now than it did, profits are up as they are selling way more bikes. Dont get me wrong, the margins are big but that's always been the case and hasn't changed recently. Plus only giant mentions profits in this article, they make a huge amount form other manufacturers are they make there frames.They sell more frames makes giant even more. Again, margins havent increased in any way
  • 2 1
 successful companies don’t actually pay taxes and cost increases, they charge those costs to the consumer - ultimately the consumer pays for all the cosst, including the profit.
  • 5 3
 @skimgosu: It's Obama's fault.
  • 4 0
 @mitochris: my wife runs a textile business with manufacturing partners in India rather than China. They load and get a container off in about 5 days. The same container has been sitting in Long Beach for more than four months now. Textiles produced 3 months later and shipped to NY this time are already on a truck headed to our warehouse. We’re also trying ports in Georgia, but for us, we’ve found the bulk of the freight problem is located in Long Beach, CA and not actually overseas.
  • 9 3
 Bike companies aren't charities, they are businesses designed to make money. Record demand leads to record profits because the businesses are margin based. If they make 8% net then 8% of $1M is larger than 8% on $100. I also don't see anyone offering to kick in more money because CRC/Wiggle's parent org LOST $165M in just 3 months.

Furthermore, nobody is getting f*cked. You don't have to buy any of this, just continue to ride your older bike or pick up some used 26" from the classifieds. Owning a bike isn't some inalienable right and the fact that you are on this site means you are top 1% globally in terms of income and wealth.
  • 1 0
 @Hayek: interesting that that’s where a problem is. Is it old infrastructure in long beach causing this? I red recently that European ports had to invest heavily in modernisation to be able to deal with shipments.
  • 1 0
 @hardtailpunter: In nominal terms maybe, in real terms prob. not so much.
  • 2 0
 @Hayek: Long Beach was the issue with goods from China 16-17 years ago too when I worked with an import company.
  • 1 0
 Price go up due to more expensive parts due to supply shortages which means that the same volume as last year (# of items) will generate a higher revenue. Are you surprised?

The price is set by the market, meaning us consumers. It's really those people you should blame.

And PB is not helping by setting the bar on what's "affordable". But they are in the pocket of the bike companies (i.e. receiving money for adds) so it's all in their interest. The more money the bike companies can collect, the more they can spend on PB adds.

Or move to a socialistic country where these atrocities don't existWink
  • 1 0
 @cykelmastaren: I hear Cuba and Venezuela have better trails than Pisgah!
  • 3 0
 @mitochris: I know that the sheer volume of cargo that comes to Long Beach is part of the problem. From Asia, it’s the primary sea port for goods coming to the US. But I believe the labor shortages and strikes from last summer caused a massive backlog that is still causing delays months later. @DHhack would probably have more insight into it than I would though.
  • 2 0
 @Hayek: LB is the high volume low value port. They are also more dependent on trucks than other ports, including LA that’s literally next door. They are trying to improve and modernize the infrastructure, but as usual the federal oversight isn’t on time. Add in the odd dockworker strike, coordinated slow downs by the trucking companies, a fast paced monotonous work environment, horrendous traffic. It’s amazing that it works as well as it does.
  • 1 0
 @endorium: Yeah at the current fuel prices. Container prices have at minimum trebled, and have touched ten times the pre-covid average. Even now Brent Crude hasn’t even doubled from its previous average, and for a long time was actually lower.
  • 2 0
 @wingguy: not the bike companies fault though is it. They have had to raise prices for these sorts of things as you say, have gone up massively in price. My point is their margins have not increased.
  • 1 0
 @endorium: When I said container ship owners were making lots of money, how did I imply that was the bike companies' fault?
  • 1 1
 @wingguy: you weren't. Was reference Ng remarks.pthers have made
  • 65 3
 Check it out. I am in sales and I too am having a record first quarter. But….my sales are recorded in bottom line dollars. For example I sold a product last year for 10 bucks. Well because of price increases I sold it this year for 15. Well my cost on that same product went up. So technically my “sales” look record breaking but my margin (money I actually made on that product) stayed the same. It’s all just optics. The dollars look more and record breaking but these companies aren’t really making more money in profit.
  • 5 31
flag mollow (Mar 31, 2022 at 5:49) (Below Threshold)
 Good old lies. A margin is in %, are you trying to make me believe a 40% margin on 15$ is the same as a 40% margin on 10$? Greed is gonna kill us
  • 12 6
 They listed the net income for a couple of those companies. MIPS saw a 20% increase, Giant saw 37%. Net income is also known as net profit and is the absolute bottom line on a financial statement.
  • 2 2
 This needs to be higher.
  • 3 0
 @wilsonians: If giant saw a 37% increase in units sold then their profit margin has stayed the same and they are making the same per bike. You need to know those numbers as well before you can make a comparison.

So just because net went up 37% it does not necessarily mean that they are gouging customers 37% more it may just mean they sold a lot more bikes.
  • 10 0
 step aside engineers, we've got an accountant here.
  • 2 0
 The record CEO pay comes out of the profit, no? Supply chain issues, price increases, inflation, pay inequity--we can have it all
  • 25 1
 mountain biking will be the new skiing soon. the growth of the sport is impressive. whether you like it or not
  • 2 0
 true!
  • 8 1
 The new skiing involves dropping snow quantities, snow cannons, and shorter seasons. Yay?
  • 26 0
 @mi-bike: next they will be spraying mud out of cannons for bellends
  • 3 0
 Regards to skiing the crowds have dropped to pre-Covid levels this season at my local mountain. Mediocre snow conditions or fad has faded?

Mountain biking season starts soon will the Covid crowds be back?
  • 3 0
 skiing has long been considered to be in decline with an aging demographic, declining numbers, and climate change. Consolidation and multi-passes just happen to make things busy at what's left.
  • 3 0
 Skiing hardgoods (skis, boots, bindings) have basically the same MSRP that they did 20 years ago. This is a poor analogy.
  • 2 0
 @Zozordan: because the sport of skiing is in a completely different state than MTB at this point. Skiing, especially in resorts is in decline due to climate change and the trend for people to escape. And being in a crowded resort littered with infrastructure isn’t really an escape
  • 4 0
 @browner: cue the unreal brown pow edit
  • 3 1
 mtb is the new golf, haven't you already heard?
  • 4 0
 Here in the States, it already IS like skiing. Buy a tool at a MTB shop for $20; buy the same tool at a hardware shop for $5. Skiing has been like that for decades.
  • 2 1
 @jamesbrant: golf is way cheaper than a lot of sports but ok.
  • 1 0
 @racerfacer: Where I live in the PNW US, skiing has also gotten stupid expensive. No thanks.
  • 1 0
 @mollow: Golf is a good walk spoilt.
  • 10 0
 It would be interesting to see the difference in volume of goods and turnover. In the business i work a lot of companies are setting records i terms of turnover, but the volume of products is way down from previous years, so the records is based on brutal price increases.
  • 9 0
 Mt. Biking is the best. The industry sucks though and has been pretty terrible for like 20 years now. The way it chews up and spits out shops and riders is plan wrong. It's not sustainable and could be so much better at this stage of it's evolution. The wrong folks (big business, UCI, amongst others) I wish had stayed away. Reminds me of a trickle down economy that never trickles down...
  • 9 0
 No wonder the big conglomerates are after bike brands,with earnings like that.
  • 8 1
 Where's the followup article outting the companies posting recording breaking profits, but also raising prices due to shortages and other bullshit?
  • 13 3
 I’d love to see that. Sadly we don’t have an unbiased independent mtn bike media site who cares about us. We have Beta
  • 4 0
 Bike companies, "Sorry guys even though our companies made more money than ever... We need to raise our prices our scapegoat for this decision is Covid." Come on guys if you are going to raise your prices at least do it for a good reason like more sustainable practices, better pay for workers, and giving back to cycling. I understand Covid would have raised prices but the Pandemic is slowly winding down, I can guarantee you the prices will not go down even after the pandemic is completely done.
  • 8 4
 So why sgain do we see an increase in bike prices all over the place?
Increased material/compnent prices or even more revenue?

Its only demand ...
  • 13 0
 people still buying bicycles for motorcycle prices
  • 4 1
 You know the rules. Infinite growth paradigm. Every year the price goes up and the quality goes down. Next year will be no different until the industry crashes again and they’re forced to stop robbing us in order to survive and then the cycle repeats.
  • 4 0
 Obviously the last years have accelerated things, but I think everyone is trying to get a higher slice of the pie while maintaining or increasing margins. You know, business school stuff.

PB already did an article comparing the pricing of top end components over the years, but they should really be doing one on the OEM stuff that comes on $3000-$5000 bikes. OE Fox Forks, GX/SLX, hubs
  • 4 3
 If you had a product that was so desired that you literally couldn’t make enough of them, and the next year of your production was already purchased through pre-orders, and the costs required to make and deliver those bikes were constantly going up, what would you do?

You don’t have to like it and you’re free to complain about it, but asking “why” is just plain silly. If the price is not fair don’t buy it.
  • 2 0
 @SickEdit: You're the first person I've seen to state this. It shocks me. When I see the prices on Mtn bikes now then go look at dirt bikes. It's stupid. Hell, look at MTB tire prices! F'n ridiculous! I spend almost as much on MTB tires as my truck tires when considering the lifespan of each. And MTB tires have nowhere near the durability of truck tires. It's stupid. Something's gotta break and soon.
  • 5 0
 I know! I'm super sad to see that Nukeproof (for example) is no longer a value brand. The Mega Factory build was $4800 US in 2020, it's now $7000 US. WTF??????
  • 2 0
 @Blackhat: I'd agree with your statement, it's supply and demand. The frustration, I believe, comes from feeling that there is no escaping the raping. I want to ride MTB. Then I get cornered by essentially collusion of the manufacturers in the market to the point of only being able to choose whether or not to participate in the sport. Pretty soon only the very wealthy can afford to participate in the sport but the Mfr's don't care because they're making the profits that they and investors like. Then everybody bitches that it's too expensive for the average person, just like in skiing now. I think a lot of people got into MTB because it's fun and wasn't exorbitantly expensive.
  • 1 0
 How does this work in bookkeeping? From what I understand, loads of companies have been taken over by bigger companies. So one company ceases to exist and the other one grows and can report sales increase. I noticed it now says "Powered by Garmin" on the Tacx factory. You can no longer get rear mech pulleys, tools and workstands from Tacx but sure, Garmin has grown. Also of course, a company like Garmin can also get income from selling software or even just licences, both which are not affected by stock shortages. So I understand Garmin has acquired TrainingPeaks recently so they can now just make money off competitors who use TrainingPeaks.
  • 1 0
 I love Fox suspension and products, so bought a few shares of the stock (at nearly $180/share).
It's been tanking ever since I bought (under $100 now)! -stock market in general is not strong currently-
Fox factory's stock price sure doesn't match with all the great news about how 'Fox is killing it' in this article.
Maybe their stock will eventually catch up too... (they do make awesome products!!!)
  • 2 1
 For those that are interested in their first bike computer the Garmin 830 is actually good. It's seems they screwed up from the regular buggy mess they produce. The 530 buttons are shit so ignore that one.
  • 8 0
 Counter point, I prefer my 530 for MTB because dirt and gloves don't always play well with a touch screen. The button navigation is clunky at first but you get used to it.
  • 7 0
 @WY228: Agree, 530 is great on the trail. Touch screens are non-fuctional when I'm sweaty AF (which for me is ALWAYS, even in the winter when it's well below freezing).
  • 3 0
 @WY228: What I don't understand is why the 830 doesn't have buttons. I would have given garmin the extra money if it had both. But I usually wear gloves so I bought a 530
  • 3 0
 @ToastLover: for me its the same with cars starting to make their radio/AC controls part of the touch screen head unit. Yeah its cool tech and all that, but basic tactile buttons will always be superior and easier to use IMO.
  • 1 1
 @WY228: tactile buttons aren't what you think
  • 2 0
 +1 more for the 530 Team. Just saying. Price is great and buttons work just fine.
  • 2 0
 I wonder when we will see bicycle-leasing programs introduced. Pay a monthly fee and get a new bike every two years. Certain repairs a covered by the fees.
  • 1 0
 I have already seen it many times... We're there already
  • 1 0
 @Downdahill: There goes my business idea ;-)
  • 4 2
 'There's so little stock that even shit stuff like BOA are doing well' 'Even the absolute shite is flying off the shelves'
  • 1 0
 Hmm so that's why Garmin was able to send me a refurbed Instinct watch after mine went kaput just out of warranty. They rolling in it.
  • 1 0
 It would be nice to see profit numbers alongside the reported revenue, to put all these price increases into perspective for the consumers.
  • 1 0
 All these record breaking sales numbers but prices continue to increase. My 2020 enduro bike price new has increase $800 from when I bought it.
  • 1 0
 Is that all? My 2020 has increased $2800 US. Thank god I bought when I did! I ride a Nukeproof. Sadly they are no longer a value brand... Frown
  • 1 2
 I don't really think there is a stock shortage, just the prices that go along with one. I've built up 2 bikes since November and have been able to find every part I wanted except for one. Maybe if you shop at one shop only and cant use a phone or computer this could be an issue but I can find anything I need and multiple options in pretty much everything as well. Just because something is out of stock doesn't mean everything is out of stock and that's definitely the angle being portrayed to the consumer.
  • 1 0
 not true, show me where to buy a DH fork in Canada that is not on backorder now and doesn't cost 2699 CAD Big Grin
  • 1 0
 @valrock: which fork exactly?
  • 2 0
 I've been struggling to buy Shimano parts and Maxxiss tyres for about the last two years. I had such a bad problem trying to buy a 12 speed mech that I couldn't ride my bike for a couple of months. I've now stockpiled about a year's worth of "consumable" spares in my cellar...
  • 1 2
 Other alternative is we can make our own bike … that way THEY will not screw us over .
(Also will be good cause as per pink bike keyboard typists they don’t even know how a bike should be built correctly .
Anyone ? Anyone starting a bike company ? Anyone ? Anyone ? An - easier to hate … got it
  • 1 0
 no shith the price of there product when up dhu of course they will make more money if you ask me the price of mtb are getting ridiculous like doesnt make sense anymore
  • 1 0
 Fox selling garbage to the world and making record sales. It amazes me people continue to buy an expensive product that isn't built right and fails in a month.
  • 2 0
 Revenue round up. Emphasis on the "up".
  • 1 0
 We know bike industry revenues are up, we bought the stuff, or at least tried to.
  • 1 0
 I hope garmin can invest in better and more sustainable customer service. They brick everything way too quickly.
  • 2 0
 In 2022, MTB Athlete salaries are up.......
  • 1 0
 i feel good about spending nothing on bikes or gear the last 2 yrs. might need a tire, some knee pads and socks next year.
  • 1 0
 Does anyone know if we are still having that crazy shipping container issue from a year ago? thanks.
  • 2 2
 Stock does seem to be getting better, although I haven't seen a DHR II available in a long time!
  • 2 3
 Do yourself a favor and get a Continental Kaiser instead
  • 10 12
 I couldn't care less. Companies exist to make money. And they can only make money by providing services people want. So all is well. Buy their shares if you want a slice. Or create your own company.
  • 8 0
 Buy shares or create my own company? Sorry I'm strapped enough already just trying to keep food in the fridge, a roof over my head, and gas in the tank to get me to my job that's paid the same for years.

That "existing to make money" by companies is rapidly pricing us humans out of living.
  • 2 0
 @WY228: (and feeding your biking addiction)
  • 1 0
 @WY228: "ride more, work less"
  • 1 1
 @WY228: The US unemployment rate is reported to be less than 4%. In such environment it is on you to switch jobs and get better salary. No one will do it for you.

Companies are made of people. Nobody is pricing you out of living, ever heard of market competition and supply x demand?
  • 1 0
 @lurkeris: I love that the argument always turns to "ever heard of free market!?! Supply and demand??!"

Yes, I have. Everyone has. That isn't the issue here. The issue is that the average cost of everything has steadily risen for decades while average employee pay has remained stagnant. Factor inflation, and most people are making less today. It doesn't take an expert to realize that there's a high degree of unsustainability in our current economy.
  • 1 0
 I shouldn’t have said these company’s. Should only speak for mine.
  • 1 0
 1.8Bn on lizard skins and Boa’s, that’s incredible business
  • 1 0
 a lot of laces and grips eh?
  • 1 0
 The amount of money spent in my bikes is also a record !
  • 1 0
 Consider me shocked. Shocked!
  • 1 0
 Prices are up. Sales are up. Availability is down. Hmmmmmmm.
  • 2 1
 fox reports a 46% increase in CSU warranties
  • 1 0
 Fox +46%
So did my salary
  • 1 3
 What a joke, record profits for the industry yet sooo much out of stock merchandise. If your not outraged your not paying attention.
  • 3 4
 Cool, a list of rip-off brands Smile
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