Fox Factory Holding Corp. (FOXF) saw its stock price plummet 21.81% in a 24-hour period following the release of its disappointing third-quarter earnings report and weaker-than-expected outlook. The suspension systems manufacturer's performance fell short of analyst expectations, raising concerns about the company's near-term growth prospects.
For the third quarter, Fox Factory reported adjusted earnings per share of $0.23, significantly missing the analyst consensus estimate of $0.55. The company's quarterly sales of $376.355 million also fell short of the expected $383.306 million. More alarmingly, Fox Factory posted a net loss of $662,000, or $0.02 per share, compared to a net income in the same period last year.
Adding to investors' concerns, Fox Factory provided a cautious outlook for the fourth quarter and full-year 2025. The company expects Q4 net sales between $340 million and $370 million, with adjusted EPS ranging from $0.05 to $0.25. For the full year, Fox Factory anticipates net sales of $1.445 billion to $1.475 billion and adjusted EPS between $0.92 and $1.12. These projections suggest ongoing challenges in the company's operating environment, likely contributing to the sharp sell-off in its stock.
Comments