Fox Factory warns about US$50m tariffs cost
Fox Factory saw Q2 growth across all divisions, and its Specialty Sports Group, home to brands like Fox, Marzocchi, and RaceFace, reported an 11% year-on-year sales increase to US$137 million, driven by what the company called a "stabilisation in bike sales."
In its latest financial report, the Georgia-based company also noted that it now expects US tariffs on Taiwan, where many of its components are manufactured, to cost more than US$50 million in 2025, up from an earlier estimate of US$38 million.
Company-wide, Fox reported US$730 million in revenue for the first half of the year. However, it posted a net loss of US$257 million, due to an earlier goodwill impairment of US$260 million.
