Fox Factory (NASDAQ:FOXF) Releases Quarterly Earnings Results

Fox Factory (NASDAQ:FOXF) announced its earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.09, Zacks reports. Fox Factory had a positive return on equity of 4.90% and a negative net margin of 20.25%.The business had revenue of $368.66 million during the quarter, compared to analyst estimates of $351.76 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Here are the key takeaways from Fox Factory’s conference call:

• Q1 results beat expectations with $368.7 million in revenue (high end of guidance) and $35.7 million adjusted EBITDA, and management reaffirmed its full?year 2026 outlook.
• Management is executing a profit optimization plan targeting approximately $50 million of 2026 cost savings (?$10M carryover + ~$40M phase 2), with early benefits realized and margin expansion expected in the second half.
• The company closed the Phoenix divestiture (UTV/Update/Geiser/Shock Therapy) as planned, directing proceeds to debt reduction and amending credit facilities to expand covenant headroom and financial flexibility.
• Near?term operational headwinds — AAG margins are pressured by an industry?wide aluminum supply disruption that reduced F?150 upfit volumes (some Q1/Q2 volume not recoverable), while SSG (bike) was down ~8.7% and Marucci faces soft demand, weighing on Q2 performance.

Fox Factory Stock Down 4.2%

Shares of FOXF stock traded down $0.77 during trading hours on Friday, reaching $17.80. 1,276,756 shares of the company’s stock were exchanged, compared to its average volume of 449,614. The stock’s 50 day moving average is $17.03 and its 200-day moving average is $17.85. The company has a market cap of $746.23 million, a price-to-earnings ratio of -2.48 and a beta of 1.37. The company has a current ratio of 2.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.96. Fox Factory has a fifty-two week low of $13.08 and a fifty-two week high of $31.18.

Key Fox Factory News

Here are the key news stories impacting Fox Factory this week:

• Positive Sentiment: Fox Factory reported first-quarter EPS of $0.18, well ahead of the $0.09 consensus, and revenue of $368.7 million, above expectations for about $351.8 million. Fox Factory earnings report and conference call
• Positive Sentiment: The company reaffirmed full-year 2026 sales guidance of roughly $1.328 billion to $1.416 billion and adjusted EBITDA guidance of $174 million to $203 million, supported by about $50 million in cost savings. Fox Factory outlook article
• Neutral Sentiment: Management also guided second-quarter revenue to $343 million to $365 million, a range that is only slightly above Wall Street expectations, which may limit upside from the quarter. Fox Factory first-quarter financial results press release
• Negative Sentiment: Zacks Research downgraded Fox Factory Holding Corp. (NASDAQ: FOXF) from “hold” to “strong sell,” adding a bearish sentiment factor for the stock. Fox Factory downgrade report
• Negative Sentiment: Even with the earnings beat, the company’s revenue growth remains modest year over year, and profitability metrics are still weak, which may temper investor enthusiasm. Fox Factory earnings call transcript

Hedge Funds Weigh In On Fox Factory

A number of large investors have recently made changes to their positions in the business. Engineers Gate Manager LP increased its position in shares of Fox Factory by 1.1% during the fourth quarter. Engineers Gate Manager LP now owns 73,895 shares of the company’s stock worth $1,264,000 after purchasing an additional 770 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Fox Factory by 12.3% during the second quarter. Russell Investments Group Ltd. now owns 7,818 shares of the company’s stock worth $203,000 after purchasing an additional 858 shares in the last quarter. Creative Planning increased its position in shares of Fox Factory by 11.6% during the third quarter. Creative Planning now owns 9,971 shares of the company’s stock worth $242,000 after purchasing an additional 1,040 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fox Factory by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,142 shares of the company’s stock worth $587,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Fox Factory by 1.5% during the third quarter. Swiss National Bank now owns 80,900 shares of the company’s stock worth $1,965,000 after purchasing an additional 1,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

FOXF has been the subject of several research analyst reports. Roth Mkm reaffirmed a “neutral” rating and set a $20.00 price target on shares of Fox Factory in a research note on Friday. Stifel Nicolaus set a $24.00 price target on shares of Fox Factory in a research note on Thursday, April 16th. Zacks Research downgraded shares of Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fox Factory has a consensus rating of “Hold” and an average target price of $27.50.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.