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Segment Information and Geographic Data (Tables)
3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
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 for each of the Company’s five reportable segments are presented below.

 

 

 

Fitness

 

 

Outdoor

 

 

Aviation

 

 

Marine

 

 

Auto OEM

 

 

Total

 

13-Weeks Ended March 29, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

384,722

 

 

$

438,496

 

 

$

223,114

 

 

$

319,438

 

 

$

169,329

 

 

$

1,535,099

 

Cost of goods sold

 

 

164,580

 

 

 

155,960

 

 

 

55,212

 

 

 

135,505

 

 

 

139,297

 

 

 

650,554

 

Gross profit

 

 

220,142

 

 

 

282,536

 

 

 

167,902

 

 

 

183,933

 

 

 

30,032

 

 

 

884,545

 

Research and development expense

 

 

50,457

 

 

 

63,063

 

 

 

84,198

 

 

 

43,986

 

 

 

26,416

 

 

 

268,120

 

Selling, general and administrative expenses

 

 

91,973

 

 

 

90,685

 

 

 

35,348

 

 

 

53,082

 

 

 

12,513

 

 

 

283,601

 

Operating income (loss)

 

 

77,712

 

 

 

128,788

 

 

 

48,356

 

 

 

86,865

 

 

 

(8,897

)

 

 

332,824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Weeks Ended March 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

342,892

 

 

$

366,193

 

 

$

216,855

 

 

$

326,736

 

 

$

128,973

 

 

$

1,381,649

 

Cost of goods sold

 

 

148,090

 

 

 

123,454

 

 

 

54,229

 

 

 

147,484

 

 

 

106,253

 

 

 

579,510

 

Gross profit

 

 

194,802

 

 

 

242,739

 

 

 

162,626

 

 

 

179,252

 

 

 

22,720

 

 

 

802,139

 

Research and development expense

 

 

43,789

 

 

 

56,671

 

 

 

77,647

 

 

 

39,036

 

 

 

25,392

 

 

 

242,535

 

Selling, general and administrative expenses

 

 

82,880

 

 

 

79,118

 

 

 

32,845

 

 

 

52,524

 

 

 

13,827

 

 

 

261,194

 

Operating income (loss)

 

 

68,133

 

 

 

106,950

 

 

 

52,134

 

 

 

87,692

 

 

 

(16,499

)

 

 

298,410

 

Schedule of Net Sales to External Customers by Geographic Region

Net sales to external customers by geographic region for the 13-week period ended March 29, 2025 and March 30, 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.

 

 

 

13-Weeks Ended

 

 

 

March 29, 2025

 

 

March 30, 2024

 

Americas (1)

 

$

745,733

 

 

$

716,116

 

EMEA

 

 

568,953

 

 

 

463,384

 

APAC

 

 

220,413

 

 

 

202,149

 

Net sales to external customers

 

$

1,535,099

 

 

$

1,381,649

 

 

 

 

 

 

 

 

(1) The United States is the only country which constitutes greater than 10% of net sales to external customers.