The earnings call presented a mixed picture. While Thule achieved record-breaking sales and continued strong product launches and recognition, it faced challenges in market conditions, particularly in North America, and saw a decline in EBIT margin due to increased costs. The improvements made in North America and strong cash flow indicate positive steps forward, but the overall sentiment remains cautious due to persistent market challenges.

Company Guidance

During the Thule Group's Q2 2025 call, the company reported a significant increase in sales, with total sales in reported currency reaching SEK 3.4 billion, marking a 10% increase in reported growth and a 16% increase excluding currency effects compared to the previous year. Organic growth was noted at 1.5%, with Europe experiencing a 4% rise while North America saw a 3% decline. The company emphasized the impact of new products and categories, including Quad Lock, which contributed significantly to the growth. Despite facing a tough market, particularly in North America, Thule achieved its highest quarterly sales in history, surpassing the peak during the pandemic. Gross margin improved by nearly 2 percentage points, primarily due to Quad Lock's higher gross margin profile. However, EBIT margin decreased by 2 percentage points due to increased costs in driving growth in a challenging market. The company maintained a strong cash flow from operations at nearly SEK 800 million and is on track to reduce inventory by an additional SEK 200 million this year. In addition, Thule announced a SEK 450 million investment in automating its warehouse facility in Poland, expected to save approximately SEK 100 million annually starting in 2028.

Record Sales in Thule History

The quarter marked the biggest in terms of sales in Thule history, with sales reaching SEK 3.4 billion, 16% more than the previous year, excluding currency effects.

Strong Product Launches and Innovations

New product categories and innovations drove growth, including updates to best-selling products like the Thule EasyFold 3 and North America-specific bike carriers.

Recognition for Product Design

Thule received 10 new Red Dot awards and won the ADAC car seat test, Europe's most important consumer test for car seats.

Improvement in North America

Despite a weak market, the North America sales trend improved significantly, with a reduction in organic sales decline from -13% in Q1 to -3% in Q2.

Cash Flow and Inventory Management

Cash flow from operations was strong at SEK 800 million. The company is on track to reduce inventory by another SEK 200 million this year.

Thule Group AB Unsponsored ADR (THUPY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

THUPY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	- / -	0.136	―	―	―
Jul 15, 2025	2025 (Q2)	- / 0.25	0.247	-0.40% (>-0.01)
Apr 29, 2025	2025 (Q1)	- / 0.12	0.136	-14.71% (-0.02)
Feb 07, 2025	2024 (Q4)	- / -0.02	0.011	-245.45% (-0.03)
Oct 23, 2024	2024 (Q3)	- / 0.14	0.115	18.26% (+0.02)
Jul 17, 2024	2024 (Q2)	- / 0.25	0.244	1.23% (<+0.01)
Apr 26, 2024	2024 (Q1)	- / 0.14	0.126	7.94% (+0.01)
Feb 09, 2024	2023 (Q4)	- / 0.01	-0.007	257.14% (+0.02)
Oct 27, 2023	2023 (Q3)	- / 0.12	0.062	85.48% (+0.05)
Jul 19, 2023	2023 (Q2)	- / 0.24	0.304	-19.74% (-0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

THUPY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 15, 2025	$14.12	$14.72	+4.25%
Apr 29, 2025	$13.55	$11.62	-14.24%
Feb 07, 2025	$16.34	$16.50	+0.98%
Oct 23, 2024	$14.29	$16.36	+14.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Thule Group AB Unsponsored ADR (THUPY) report earnings?

Thule Group AB Unsponsored ADR (THUPY) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is Thule Group AB Unsponsored ADR (THUPY) earnings time?

Thule Group AB Unsponsored ADR (THUPY) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is THUPY EPS forecast?

Currently, no data Available

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing