DULUTH, United States - Fox Factory has reported its third-quarter results, and while they're right on par with the company's projected net sales for FY2025, the results show the company's second-quarter momentum has slowed. This is mainly as a result of the sales slowdown in the bicycle and e-bike segment.
DULUTH, United States - American component manufacturer Fox Factory Holding Corp. is reporting strong results for its 2025 second-quarter sales, a growth spurt it's attributing to the stabilising bicycle industry. Sales are doing especially well in the company's Specialty Sports Group division, home to its bicycle and e-bike product lines, including Fox, Marzocchi, RaceFace, Easton and Ride Concepts.
DULUTH, USA - The industry's ongoing channel inventory recalibration and, to a lesser extent, lower end-consumer demand are reflected in the 2024 results published by Fox Factory Holding Corp. Bicycle product sales under the Specialty Sports Group (SSG) umbrella were down in 2024 but briefly hiked by 8.3% in Q4.
DULUTH, USA - It's not only the inclusion of recently acquired Marucci Sports' revenue boosting up suspension expert Fox Factory Holding Corp.'s Sports Specialty Sports Group (SSG) third quarter sales. SSG's bicycle product sales under the Easton Cycling, Fox, Marzocchi, Race Face, Ride Concepts brand names are also impressively bouncing back.
DULUTH, USA - Fox Factory business division Specialty Sports Group (SSG), which includes bikes, was able to report a double-digit sales increase in the first half of 2024. Though this was mainly rooted in the acquisition of Marucci Sports, as bike sales dropped by $22.9 million (€21 million).
DULUTH, Georgia - Fox Factory Holding started 2024 with a net sales drop of 16.6% to $333.47 million (€309.91 million) compared with 2023. In a move signaling confidence in the company, Michael Dennison, the chief executive officer of Fox Factory Holding Corp has purchased shares of the company's stock amounting to a total of $498,375.
