Fox Factory net income increased 26% in the first quarter to $48,050,000 from $37,986,000 on 34% higher sales of $377,977,000 up from $281,136,000, driven by a 44% jump in Specialty Sports Group sales from OEM and aftermarket bicycle component channels. Powered Vehicles Group sales grew by 28%. Gross margin contracted 300 basis points to 31.8%, due to rising supply chain costs, including raw materials and freight, as well as the completion of the planned shutdown of the Watsonville, CA, ... Log in to view full article.