Fox sales up 20%, CamelBak up 11%

Published August 7, 2012

WATSONVILLE, CA (BRAIN)-Fox Racing Shox sold $17.6 million more suspension products this year than last, pushing its sales to $106.4 million over the first half of the year. CamelBak sales grew to $84.5 million over the same period, up from $76.4 million last year, according to Compass Holdings, the parent company of both Fox and CamelBak.

Fox posted even greater growth during the second quarter, up 32 percent over the same period last year. Sales growth over the first half of the year was driven by sales to OEMs that increased $14.3 million to $83.3 million, compared to $69 million for the same period in 2011. The remaining increase in net sales reflects Fox’s increased sales to aftermarket customers.

CamelBak’s sales increases were driven by a $3 million sales increase in hydration systems, which it attributes to its Antidote reservoir. It also saw a $2.6 million increase in bottle sales. Sales of its gloves dropped $3.2 million due to falling military orders. General accessory sales fell by $100,000. Military sales represent approximately 39 percent of Camelbak’s overall business.

Topics associated with this article: Earnings/Financial Reports

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