Fox Factory’s Specialty Sports Group more than doubled revenue to $149.5 million from $72.0 million in the third quarter, including $49.6 million in incremental sales from Marucci, and 39% higher bicycle component sales. Bike sales were 22% higher sequentially from Q2’s strong result, but FOXF warned that bike industry destocking is still ongoing, even if the trends are markedly improving. The company’s strong partnerships with large bike OEMs has buffered it from the shakeout among smaller players, ... Log in to view full article.