A $295.2 million goodwill impairment related to a decline in share price sent FOXF’s net loss ballooning to $286,995,000 from $141,000 for the fourth quarter on a 2% improvement in sales to $361,072,000 from $352,837,000. Gross margin contracted 60 b.p. to 28.3% on unmitigated tariff hits and product mix shift. OpEx, excluding the goodwill impairment, was up 25% in dollars, deleveraging 560 b.p. to 31.3% of sales.

Specialty Sports Group revenues were down 5% to $118.2 million on a challenging environment for both bike components and Marucci. Marucci improved sequentially as the ... Log in to view full article.