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Article Date: February 2024
Word Count: 338

Fox Factory Adds Marucci, but Bike Sales Tumble


Net income was slashed 92% to $4,051,000 from $52,959,000 on net sales down 19% to $322,495,000 from $408,641,000 as impacts from the United Auto Workers strike hit both ends of the P&L. The addition of Marucci Sports, which closed mid-Nov., contributed $16.8 million of sales in the quarter, ahead of guidance for sales and profitability as the brand faced tough comps from last year’s Cat X bat launch. Sales were driven by new product success in the direct to player and team channels, along with additional launches in Japan focused on ... Log in to view full article.

 


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