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2/23/2024 |  EXEC: Fox Factory’s Q4 and Full Year Results Gutted by Declines in the Bike Business (SGB UPDATE) Fox Factory Holding Corp. delivered $332.5 million in revenue in the fourth quarter, with approximately $17 million in revenue contribution from Marucci Sports. 
Company CEO Mike Dennison said the fourth quarter for Fox Factory saw wins, achievements and significant headwinds with the ongoing OE challenges, which the company started seeing after Labor Day. Dennison said its view on these issues will persist into the first half 2024.
2/20/2024 |  EXEC: Giant Group Reports Moderating Sales Decline in January (SGB UPDATE) The Giant Group reported monthly revenues for January 2024 declined 17.7 percent to NT$4.79 billion, representing the third straight month of moderating declines and the smallest decline since June 2023 when company revenues declined 13.5 percent.
2/20/2024 |  Jasper County to Build USA BMX Sanctioned Track (SportsTravel) Jasper County in South Carolina has plans to build the state’s fourth USA BMX sanctioned race track after receiving a $750,000 grant from the South Carolina Department of Parks, Recreation and Tourism to purchase land for the venue.
While Jasper County has not yet begun its search for suitable land to purchase for the track, county officials intend to start the process in the near future. Track construction typically has a four-year timeline from start to finish.
2/8/2024 |  EXEC: Mips Sees Bike Helmet Market Starting to Recover (SGB UPDATE) Swedish helmet technology provider Mips saw sales declines moderate quite a bit in the fourth quarter from the 32 percent decline posted in Q3 and a 51 percent decline experienced in the second quarter, as the company reported the bicycle helmet category was posting growth again; however, the potential upside in that category could not overcome the sharp decline in the motorcycle business as profits headed south and cashflows contracted considerably for the quarter and full year.
2/6/2024 |  Accell Group to Consolidate Manufacturing Footprint, Simplify Operating Model (SGB UPDATE) Dutch bicycle maker Accell Group plans to change its manufacturing configuration and footprint, simplifying its operating model and enabling more efficient production.
In a media statement, the company said it will combine its two Heerenveen-based facilities in the Netherlands and transfer part of the current production to its other European manufacturing facilities.

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