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.
DULUTH, Georgia - In view of the current problems in the global market, Fox Factory Holding Corp.'s Q1 net sales met expectations; a 16.6% drop to USD 333.47 million (€309.91 million) compared with 2023. Bicycle product sales under the Specialty Sports Group (SSG) umbrella couldn't stop the downward trend but were nearly offset by the sales integration of recently acquired Marucci Sports.
SCOTTS VALLEY, USA - Since last July's announcement by owner Tenneco to stop with Marzocchi speculations on who's to take-over the renowned suspension brand started. Now it's clear; Fox Factory Holding Corp. announced yesterday that through certain of its subsidiaries, the listed company, "Has entered into a definitive agreement to acquire certain specified assets of Marzocchi's mountain bike product lines."
