All Fox Factory articles
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ArticleAcquisition of Marucci cushions decline in Fox Factory's SSG bike product sales
Suspension specialist Fox Factory Holding Corp. announced that the company met expectations with a 16.6 percent decline in sales in the first quarter (compared to Q1 2023) to $333.47 million (€309.91m): all three of Fox Factory’s divisions suffered sales declines. The total Q1 sales can be divided into: Powered ...
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ArticleFox Factory’s SSG sales drop weighs on the overall result for FY23
While Fox Factory’s former Powered Vehicle Division (split in Q2 2023 into the Powered Vehicle Group (PVG) and Aftermarket Applications Group (AAG)) scored with sales growth, the Specialty Sports Group (SSG), which operates the bicycle product brands Easton Cycling, Fox Suspension, Marzocchi and Race Face, ended up with a two-digit ...
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Data & Analysis2023 Bicycle Industry Stock Chart: Bet on interest rate cut boosts year-end rally
Here you can find out why the global bicycle stock market performed better than expected last year and what the role of the selected stocks in our OIC Bicycle Stock played.
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ArticleFox Factory’s SSG sales slump weighs on overall result
With the presentation of the Q3 report for FY2023, suspension specialist Fox Factory Holding also announces the signing of a definitive agreement to acquire Marucci Sports’ parent company Wheelhouse Holdings. At the same time, the US company has adjusted its sales forecast for 2023 downwards to between $1.43 and 1.47 ...
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News briefsCoDi’s large premium for Marucci will benefit the business
Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...
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ArticleMarucci Sports sold to Fox Factory
Compass Diversified (CoDi), the Westport, Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, PrimaLoft and Velocity Outdoor, announced that it has entered into a definitive agreement to sell its majority-owned subsidiary Wheelhouse Holdings, Inc, the parent company of Marucci Sports, to publicly traded suspension and suspension expert ...
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ArticleQ3 Bicycle Industry Stock Chart: Bike manufacturers had to cut back
Even though the long-term prospects of the bicycle sector are looking promising, it is currently operating in difficult terrain. This is also reflected by The Outdoor Industry Compass’ Q3 analysis of the bicycle industry stock market.
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ArticleFox Factory’s PVG & AAG sales increase offsets SSG sales decline
The bad news first: Suspension expert Fox Factory Holding Corp.’s (Easton Cycling, Fox, Marzocchi and Race Face brands) cycling business, grouped under Specialty Sports Group (SSG), slumped again in the second sales quarter of current FY 2023. The good news is that sales increases at its sister group Powered Vehicle ...
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News briefsFox Factory releases Sustainability Report 2022 with targets for 2030
Stock-listed chassis and suspension expert Fox Factory Holding Corp. released its 2022 global sustainability report. It is not only highlighting today’s company’s strategy and achievements but also introducing the next stage of its sustainability journey by setting 2030 aspirations for positive impacts across its operations and communities. The US company’s ...
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ArticleQ2 Bicycle Industry Stock Chart: Long-term outlook forecasts full recovery
In the current economic environment, the stock market – regardless of the sector – continues to be on a rollercoaster ride. This also applies to the bicycle stocks monitored by The Outdoor Industry Compass.
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News briefsFox Factory Group hires new CFO
Fox Factory Group, the U.S.-based supplier of products for bicycles, off-road vehicles and motorcycles, has hired Dennis Schemm as its new chief financial officer to replace the retiring Maggie Torres. Schemm has more than 25 years of experience in finance, with a deep skill set that includes financial risk management, ...
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News briefsFox Factory’s Q1 sales driven by Powered Vehicles Group
Fox Factory, which completed an acquisition of Custom Wheel House in March, posted a 1 percent increase in Q1 operating income to $54.7 million and realized a 150-basis-point improvement in year-over-year gross margin to 33.3 percent in the period ended March 31. Higher income taxes against the year-ago quarter drove ...
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News briefsFox Factory hires first chief accounting officer
Brendan Enick has joined Fox Factory Holding Corp. as its first chief accounting officer. Enick has more than 16 years of experience in the accounting industry and has held positions ranging from audit and financial reporting to corporate finance, most recently as vice president, corporate controller at Carter’s, Inc. He ...
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ArticleCurrent overstock constraints cannot beat positive long-term outlook: Q1 bicycle industry stock chart
There are still hurdles to overcome. But in the long run, our cycling expert Jo Beckendorff says “Trends are the bike industry’s friends.”
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ArticleFox Factory posts record sales and profits in challenging fiscal 2022
On Feb. 23, suspension specialist Fox Factory Holding Corp. announced financial results for the fourth quarter and full fiscal year 2022. Thanks to continued strong sales in the second half of the year, marked by a general reluctance to buy due to inflation, the U.S. company once again posted record ...
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News briefsFox Factory to acquire Custom Wheel House
Fox Factory Holding Corp. announced that its subsidiary Fox Factory, Inc. has signed a definitive agreement to acquire California-based Custom Wheel House, LLC from Thompson Street Capital Partners and other sellers. The company designs, markets and distributes high-performance wheels, high-performance off-road tires and accessories for motorized vehicles. The purchase price ...
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News briefsFox Factory invests $1 million in Trail Trust scheme in its first year
U.S.-based manufacturer of mountain bike suspension systems Fox Factory announced it has invested $1 million in its Trail Trust scheme in one year alone. Trail Trust was created in November 2021 to lead the way in delivering sustainable adventure to everyone. Its goals include building and maintaining new trail systems, ...
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News briefsFox Factory delivers another solid quarter
Profit at Fox Factory, the maker of products for bicycles, off-road vehicles and motorcycles, among others, rose 16 percent to $50.8 million from $43.8 million for the quarter ended Sept. 30. Ebit was 19.7 percent higher at $64.1 million as operating income increased by 18.3 percent to $65.4 million from ...
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News briefsFox Factory partners with Society of Women Engineers
Fox Factory, the U.S.-based manufacturer of mountain bike suspension systems, is to partner with the Society of Women Engineers (SWE). The partnership is intended to facilitate access to Fox’s summer internship program, the recruitment of engineers and provide professional development for current employees. “I am thrilled that our company has ...
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ArticleFox Factory with new sales records, gives cautious outlook
U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...
