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Article Date: February 2021
Word Count: 144

Fox Factory Sees Bike Products Sales Soar in 2020


Net income was up 41% in Q4 to $31,796,000 from $22,522,000 on sales that also gained 41% to $262,391,000 from $185,881,000, driven by a 45% jump in specialty sports group bike products and a 39% increase in powered vehicles group sales. The booming bike biz sent both aftermarket and OEM sales higher. Gross margin was down 30 basis points to 31.8% on higher transit costs, while SG&A increased by 37%, mostly from ... Log in to view full article.

 


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