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Fox Racing Posts 32 Percent Gain in Q2

Published August 9, 2011

WATSONVILLE, CA (BRAIN)—Fox Racing Shox saw sales to Europe and Asia grow to $30.4 million over the second quarter, up from $21 million over the same quarter last year.

Overseas growth pushed Fox’s total sales for the quarter to $45.9 million, up from $34.7 last year, and a 32 percent increase, according to Compass Diversified Holdings, Fox’s corporate owner.

Sales within the U.S. were $15.5 million over same quarter, up from $13.7 million last year, a 13 percent gain that trails its oversea success. Sales to the U.S. over the first six months of the year hit $30.5 million, up from $25 million last year, a 22 percent increase. Sales to all markets hit $88.8 million over the first six months, compared with $67.4 million last year, an increase of 32 percent.

In addition to growing its sales, Fox pushed its profit margin up to $4.6 million over the quarter from $3 million last year, a 53 percent increase. Over the first six months of this year net profit climbed to $9.6 million from $5.9 million last year, a 63 percent increase.

—Matt Wiebe
mwiebe@bicycleretailer.com

Topics associated with this article: Earnings/Financial Reports

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