Holley Performance Brands slightly misses Q2 sales estimates, reiterates 2026 guidance

Holley

05/08/2026 12:40

Overview
Automotive aftermarket supplier's Q2 net sales rose 3.2%, slightly missing analyst expectations
Company posted net loss on $28.3 mln loss from sale of non-core assets
Repurchased $2 mln of shares and continued portfolio rebalancing through divestitures

Outlook
Holley reiterates 2026 core business net sales guidance of $610 mln to $640 mln
Company maintains 2026 adjusted EBITDA outlook at $127 mln to $137 mln
Holley expects to finish 2026 with leverage ratio below 3.5x

Result Drivers
CORE SEGMENT GROWTH - Co said three of four business segments delivered year-over-year core growth, driven by new retailer placements and product launches
PORTFOLIO REBALANCING - Sale of non-core Restoration brands reduced complexity and allowed focus on higher-priority growth opportunities
MARKETING REALIGNMENT - Increased focus on brand activation and enthusiast engagement aimed to strengthen demand across portfolio

Company press release: ID:nGNX2H2tLw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$172.007 mln
$172.63 mln (9 Analysts)
Q2 Loss Per Share
 
$0.02
 
Q2 Net Loss
 
$2.43 mln
 
Q2 Gross Profit
 
$70.54 mln
 
Q2 Loss Per Basic Share
 
$0.02
 
Q2 Operating Income
 
$2.77 mln
 
Q2 Pretax Loss
 
$3.63 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Holley Inc. is $4.00, about 41.3% above its August 4 closing price of $2.83
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)