Fox Factory Results Gain from Strong Bike Sales
Profits more than quadrupled in the first quarter to $37,986,000 from $8,250,000 on 52% higher sales of $281,136,000 up from $184,361,000 driven by an 86% jump in Specialty Sports Group sales from both OEM and aftermarket bicycle component channels. Powered Vehicles Group sales grew 35%. Gross margin expanded 410 basis points to 34.8% from favorable product and channel mix, ... Log in to view full article.
