Fox Factory Holding Corp. reported financial results for the first fiscal quarter ended April 4, 2025. The company achieved net sales of $355 million, reflecting a 6.5% increase over the previous year. Sales growth was observed across all segments, with AAG up by $10.1 million, SSG up by $7.5 million, and PVG up by $4.0 million. The gross margin stood at 30.9%, marking a sequential increase of 200 basis points. The company reported a net loss attributable to stockholders of $259.7 million, compared to a net loss of $3.5 million in the first quarter of the prior fiscal year. Adjusted net income for the quarter was $9.8 million, with adjusted earnings per diluted share of $0.23, down from $0.29 in the same period of the previous year. Adjusted EBITDA was $39.6 million, slightly down from $40.4 million in the first quarter of fiscal 2024. The company is progressing with cost reduction initiatives as planned.