Fox Factory Guides Q3 Sales to $336M-$340M, Below Prior Run-Rate
FOXF sits 41% above its 52-week low of $13.08.
Summary
Fox Factory pegged third-quarter sales at $336M-$340M, a range that sits below the $358.1M it posted in Q2 and implies continued top-line erosion. The midpoint of roughly $338M is about 6% under last quarter's revenue, extending the sales decline flagged in the August 6 8-K and 10-Q. The company has been leaning on margin expansion and cost cuts to offset weaker volume, and it just closed the $225M Marucci Sports sale in late September, using $200M of proceeds to pay down debt. That deleveraging helps the balance sheet but does nothing for the demand problem this guidance highlights. Fox Factory Holding Corp. (FOXF) has named an interim CEO and lowered its Q4 and FY26 outlook. Watch the full Q3 release for whether the profit-optimization story still holds at this lower revenue base.
At the time of this announcement, FOXF was trading at $18.43 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $777.6M. The 52-week trading range was $13.08 to $25.43. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.