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FOXF Fox Factory Holding News Story

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Fox Factory Q1 revenue rises 3.9%, beats estimates

Overview

U.S. performance vehicle parts maker's fiscal Q1 revenue rose 3.9%, beating analyst expectations

Adjusted EPS for fiscal Q1 beat consensus but declined from prior year

Company completed Phoenix AAG divestiture, with proceeds used for debt reduction

Outlook

Fox Factory expects Q2 net sales of $343 mln to $365 mln

Company sees Q2 adjusted EBITDA between $32 mln and $40 mln

Fox Factory reaffirms 2026 net sales guidance of $1.328 bln to $1.416 bln

Result Drivers

POWERED VEHICLES DEMAND - Co said higher sales in Powered Vehicles Group were driven by strengthening demand in powersports and continued momentum in the automotive aftermarket

SSG SALES DECLINE - Co said Specialty Sports Group sales fell due to distributor and dealer inventory destocking and a difficult prior-year comparison

GROSS MARGIN PRESSURE - Co said gross margin declined due to the net impact of tariffs and shifts in product line mix

Company press release: ID:nGNX1HX4M6

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$368.66 mln$351.76 mln (5 Analysts)
Q1 Adjusted EPSBeat$0.18$0.08 (5 Analysts)
Q1 EPS-$0.36
Q1 Net Income-$15.02 mln
Q1 Gross Profit$106.39 mln
Q1 Income From Operations$5.95 mln
Q1 Pretax Profit-$15.63 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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