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South Africa's Leatt Q3 revenue rises to four-year high

By Reuters News


Overview

  • South Africa protective gear maker's Q3 revenue rose 43% yr/yr, highest in four years

  • Net income for Q3 jumped 309% yr/yr to $2.20 mln

  • Growth driven by body armor, helmet and accessory sales, offset by slight neck brace decline


Outlook

  • Leatt says it is on track for a solid year in 2026

  • Company sees continued strong demand and robust international re-ordering patterns

  • Company notes potential for geopolitical headwinds but remains optimistic about maintaining momentum


Result Drivers

  • PRODUCT CATEGORY GAINS - Body armor and helmet sales increased, offsetting a slight decline in neck brace sales

  • CHANNEL EXPANSION - Sales to global distributors, dealers, and direct-to-consumer channels all grew strongly

  • NEW PRODUCT LAUNCHES - Launch of first consumable product line and new MTB shoes contributed to momentum


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$20.46 mln

Q3 Gross Profit

$9.32 mln


Reuters Recommended Reads

  • Nov 12 - Outdoor products maker Yeti misses Q3 sales estimates; cuts FY forecast

  • Nov 12 - Solo Brands Q3 sales fall on lower segment demand

  • Nov 10 - Sportswear manufacturer Jerash Holdings' Q2 revenue rises 20% on higher US shipments


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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