Fox Factory OEM Sales Drive Growth
Net income jumped 25% to $22,921,000 in Q2 from $18,369,000 last year on a 23% topline gain to $192,122,000 from $156,825,000, but bike component sales lagged with an increase of 3% while powered vehicle parts sales leapt 40% on higher OEM sales. Gross margin declined 100 basis points to 32.4% on the change in customer and product mix towards OEMs. SG&A was up ... Log in to view full article.
