Fox Factory (NASDAQ:FOXF) Issues Quarterly Earnings Results

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

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 Performance

Shares of FOXF stock traded down $0.77 during midday trading on Friday, hitting $17.80. The company had a trading volume of 1,276,756 shares, compared to its average volume of 449,614. The company’s 50 day simple moving average is $17.03 and its 200 day simple moving average is $17.85. Fox Factory has a 52-week low of $13.08 and a 52-week high of $31.18. The stock 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 debt-to-equity ratio of 0.96, a current ratio of 2.86 and a quick ratio of 1.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Fox Factory by 12.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,818 shares of the company’s stock valued at $203,000 after purchasing an additional 858 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Fox Factory by 526.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,925 shares of the company’s stock valued at $206,000 after purchasing an additional 6,659 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Fox Factory in the 3rd quarter valued at approximately $208,000. Diversify Wealth Management LLC purchased a new position in shares of Fox Factory in the 2nd quarter valued at approximately $217,000. Finally, Caxton Associates LLP purchased a new position in shares of Fox Factory in the 2nd quarter valued at approximately $227,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus set a $24.00 price target on Fox Factory in a research report on Thursday, April 16th. Zacks Research lowered Fox Factory from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Roth Mkm reaffirmed a “neutral” rating and set a $20.00 price target on shares of Fox Factory in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.50.

More 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

About Fox Factory

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.