| Schedule of Net Sales (Revenue), Gross Profit, and Operating Income |
Net sales (“revenue”), cost of goods sold, gross profit, significant segment expenses, and operating income (loss) for each of the Company’s five reportable segments are presented below.
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Fitness |
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Outdoor |
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Aviation |
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Marine |
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Auto OEM |
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Total |
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13-Weeks Ended June 28, 2025 |
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Net sales |
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$ |
605,425 |
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$ |
490,357 |
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$ |
249,366 |
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$ |
299,262 |
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$ |
170,154 |
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$ |
1,814,564 |
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Cost of goods sold |
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240,755 |
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165,928 |
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63,894 |
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134,924 |
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142,051 |
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747,552 |
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Gross profit |
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364,670 |
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324,429 |
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185,472 |
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164,338 |
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28,103 |
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1,067,012 |
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Research and development expense |
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52,696 |
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66,997 |
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85,126 |
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46,920 |
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24,924 |
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276,663 |
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Selling, general and administrative expenses |
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114,344 |
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99,551 |
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36,963 |
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54,497 |
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12,699 |
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318,054 |
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Operating income (loss) |
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197,630 |
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157,881 |
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63,383 |
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62,921 |
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(9,520 |
) |
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472,295 |
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13-Weeks Ended June 29, 2024 |
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Net sales |
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$ |
428,404 |
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$ |
439,872 |
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$ |
218,253 |
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$ |
272,953 |
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$ |
147,189 |
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$ |
1,506,671 |
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Cost of goods sold |
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183,156 |
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155,658 |
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56,887 |
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125,166 |
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122,913 |
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643,780 |
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Gross profit |
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245,248 |
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284,214 |
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161,366 |
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147,787 |
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24,276 |
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862,891 |
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Research and development expense |
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45,024 |
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58,892 |
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77,894 |
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39,362 |
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21,979 |
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243,151 |
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Selling, general and administrative expenses |
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92,614 |
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89,730 |
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32,987 |
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48,533 |
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13,849 |
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277,713 |
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Operating income (loss) |
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107,610 |
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135,592 |
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50,485 |
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59,892 |
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(11,552 |
) |
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342,027 |
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26-Weeks Ended June 28, 2025 |
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Net sales |
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$ |
990,147 |
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$ |
928,853 |
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$ |
472,481 |
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$ |
618,699 |
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$ |
339,483 |
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$ |
3,349,663 |
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Cost of goods sold |
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405,334 |
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321,889 |
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119,107 |
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270,428 |
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281,348 |
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1,398,106 |
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Gross profit |
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584,813 |
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606,964 |
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353,374 |
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348,271 |
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58,135 |
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1,951,557 |
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Research and development expense |
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103,153 |
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130,060 |
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169,324 |
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90,907 |
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51,339 |
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544,783 |
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Selling, general and administrative expenses |
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206,316 |
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190,236 |
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72,311 |
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107,579 |
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25,213 |
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|
601,655 |
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Operating income (loss) |
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275,344 |
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286,668 |
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111,739 |
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149,785 |
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(18,417 |
) |
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805,119 |
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26-Weeks Ended June 29, 2024 |
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Net sales |
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$ |
771,296 |
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$ |
806,065 |
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$ |
435,108 |
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$ |
599,689 |
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$ |
276,162 |
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$ |
2,888,320 |
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Cost of goods sold |
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331,246 |
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279,112 |
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111,116 |
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272,650 |
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229,166 |
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1,223,290 |
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Gross profit |
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440,050 |
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526,953 |
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323,992 |
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327,039 |
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46,996 |
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1,665,030 |
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Research and development expense |
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88,814 |
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115,562 |
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155,541 |
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78,398 |
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47,371 |
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485,686 |
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Selling, general and administrative expenses |
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175,493 |
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168,848 |
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65,832 |
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101,058 |
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27,676 |
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538,907 |
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Operating income (loss) |
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175,743 |
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242,543 |
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102,619 |
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147,583 |
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(28,051 |
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640,437 |
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| Schedule of Net Sales to External Customers by Geographic Region |
Net sales to external customers by geographic region for the 13-week and 26-week periods ended June 28, 2025 and June 29, 2024 are presented below. Note that Americas includes North America and South America, EMEA includes Europe, the Middle East and Africa, and APAC includes Asia Pacific and Australian Continent.
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13-Weeks Ended |
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26-Weeks Ended |
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June 28, 2025 |
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June 29, 2024 |
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June 28, 2025 |
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June 29, 2024 |
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Americas (1) |
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$ |
878,014 |
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$ |
740,577 |
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$ |
1,623,747 |
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$ |
1,456,694 |
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EMEA |
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677,402 |
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542,016 |
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1,246,355 |
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1,005,399 |
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APAC |
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259,148 |
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224,078 |
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479,561 |
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|
426,227 |
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Net sales to external customers |
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$ |
1,814,564 |
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$ |
1,506,671 |
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$ |
3,349,663 |
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$ |
2,888,320 |
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(1) The United States is the only country which constitutes greater than 10% of net sales to external customers. |
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