Achieves Quarterly Sales of $342.3 Million
Reports Earnings per Diluted Share of $0.89
Reports Non-GAAP Adjusted Earnings per Diluted Share of $1.06
Introduces Fiscal 2022 Guidance
DULUTH, GA – February 28, 2022 – (Motor Sports NewsWire) – Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 31, 2021.
Fourth Quarter Fiscal 2021 Highlights
Sales increased 30.5% to $342.3 million, compared to $262.4 million in the same period last fiscal year
Gross profit increased 28.5% to $107.3 million, compared to $83.5 million in the same period last fiscal year. Gross margin percentage decreased 50 basis points to 31.3%, compared to 31.8% in the same period last fiscal year; non-GAAP adjusted gross margin percentage decreased 40 basis points to 31.6% compared to 32.0% in the same period last fiscal year
Net income attributable to FOX stockholders was $37.7 million, or 11.0% of…
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