Fox Factory forecasts FY 2026 adjusted EBITDA of $143M-$148M as it targets operational fixes under 'One Fox' (NASDAQ:FOXF)

Fox Factory (FOXF) reported Q3 2026 earnings below expectations, citing supply disruptions and cost pressures. The company completed the sale of Marucci for $225M, reducing debt and lowering net leverage to 2.4x. Interim CEO Doug Grimm outlined strategic shifts, including a focus on core ride dynamics businesses and operational improvements. The company aims to restore profitability through stronger execution and a cultural transition to unified operations.

Fox Factory reported 3Q 2026 revenue of $338.41M, down 10.1% YoY, and a net loss of $109.62M. Sales declines were attributed to divestitures, macroeconomic pressures, and order timing, while gross margin improved 110 bps to 31.5% due to tariff refunds. Powered Vehicles sales rose 4.1%, while Specialty Sports and Aftermarket Applications saw declines of 14.4% and 20.4%, respectively.

Fox Factory (FOXF) reported Q3 2026 earnings with net sales down 10.1% YoY, but reduced leverage to 2.4x. Powersports demand grew 28.8% YoY, while aftermarket sales fell 20.4%. The company achieved $41M in cost savings and $74.7M in free cash flow. Management expects steady volumes from new OEM partnerships but faces supply chain and inflation challenges. Leverage below 3x opens capital allocation options, including share buybacks and M&A.

Fox Factory reported $41M in gross savings for the first nine months, aiming for $50M. Powersports sales rose 4.1% to $131M, while Aftermarket and Specialty Sports sales declined. The company sold Marucci for $225M, reducing debt to $397.4M. Q4 sales forecast is $287M-$313M, with full-year adjusted EBITDA expected at $143M-$148M, excluding tariff refunds.

Fox Factory reported a 10.1% decline in third-quarter net sales to $338.4 million, driven by a decrease in its Aftermarket and Specialty Sports Groups. The company sold its Marucci business and saw a leadership change. Full-year sales fell 3.7% to $1.065 billion. Fox updated its outlook, forecasting fourth-quarter sales of $287-$313 million and fiscal 2026 sales of $1.35-$1.38 billion.

Fox Factory Holding (FOXF) reported Q3 earnings of $0.54 per share, beating estimates by $0.22. Revenue was $338.41M, slightly above expectations. The company has exceeded EPS and revenue estimates for four consecutive quarters. Shares are up 1.5% YTD, underperforming the S&P 500. The stock has a Zacks Rank #5 (Strong Sell).