Fox Factory falls on lowered annual, Q3 sales forecast; CEO exit
16/10/2026 14:10
BUZZ-Fox Factory falls on lowered annual, Q3 sales forecast; CEO exit ** Shares of vehicle parts supplier Fox Factory FOXF.O fall 23% to $14.20 premarket
** Stock set to open at its lowest level since November 2025
** Co cuts FY26 net sales forecast to $1.35 - $1.38 billion, from $1.42 - $1.47 billion
** Also lowers Q3 net sales outlook to $336 - $340 million, from $355 - $380 million
** Announces CEO Mike Dennison will step down; appoints Douglas Grimm as interim CEO
** Stock up 8.1% YTD, as of last close
(Reporting by Anand Gopal in Bengaluru)