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Fox Factory has record quarterly sales, again

Published November 4, 2021

DULUTH, Ga. (BRAIN) — For the fifth consecutive quarter, Fox Factory notched its highest-ever revenue in a fiscal quarter for its 2021 Q3, which ended Oct. 1. Sales were $347.4 million, compared to $261 million in the same period last year. 

"Through sheer perseverance, FOX's global team has delivered a fifth consecutive record revenue quarter, despite the disruptive impact of the pandemic on global supply chains, inflation, and labor availability,” commented Mike Dennison, FOX’s Chief Executive Officer.

Sales in Fox's Speciality Sports Group, its bicycle product division, were $159 million, up 48% in the quarter, while sales in its Powered Vehicle Group were $188 million, up 23%.

For the first nine months of the fiscal year, company-wide sales were $957 million, an increase of 53% over the same period last year. SSG sales were up 63% over the period.

For the full fiscal year, Fox is expecting sales of $1,272 million to $1,292 million.

Company executives are holding a conference call with investors Thursday afternoon.

Topics associated with this article: Earnings/Financial Reports

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