Fox Factory has reported financial results for the first quarter ending 2nd April, with a sales increase of 52.5% to $281.1 million, compared to $184.4 million in the same period last fiscal year. Gross margin increased 410 basis points to 34.8%, compared to 30.7% in the same period last fiscal year and non-GAAP adjusted gross margin increased 410 basis points to 35% compared to 30.9% in the same period last fiscal year. Net income attributable to Fox stockholders was $38 million, or 13.5% of sales and $0.90 of earnings per diluted share, compared to $8.3 million, or 4.5% of sales and $0.21 of earnings per diluted share in the same period last fiscal year. “Fox Factory delivered a third consecutive quarter of record sales,” said Mike Dennison, Fox’s chief executive officer. “Our team continues to execute at the highest level, despite the meaningful supply chain challenges which exist across our business.