Fox Factory adds 34.4% revenue in Q1, raw materials stocked up
May 6, 2022
Fox Factory has continued to add significant gains to its revenues, posting a Q1 growth of 34.4%, worth $378 million, versus $281.1 million in the same period last year.
The results again represent record takings for the suspension giant, which recorded a 22.8% gross profit of $120.3 million despite a gross margin decrease of 300 basis points to 31.8%, versus 34.8% last year. Cycling Industry