Fox Factory reports 57.8% rise in cycling product sales
February 25, 2022
Fox Factory this week reported sales for the year ended December 31, 2021, were $1,299.1 million, an increase of 45.9% compared to fiscal year 2020.
With the release of Fourth Quarter and Fiscal 2021 Financial Results, Fox saw Specialty Sports Group sales (largely made up of bicycle industry trade) increase by 57.8%, driven by strong demand, primarily in OEM channel, whilst also noting that the prior fiscal year (2020) includes the impact of shutdowns at a majority of our OEM partners due to the COVID-19 pandemic. Cycling Industry News
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