Overview
Fox Factory fiscal Q3 revenue grows 4.8% yr/yr, missing analyst expectations
Adjusted EPS for fiscal Q3 misses estimates, reflecting higher tariff costs and investments
Company extends credit agreement maturity to 2030, enhancing financial flexibility
Outlook
Company expects Q4 net sales between $340 mln and $370 mln
Fox Factory anticipates FY 2025 net sales of $1.445 bln to $1.475 bln
Company sees FY 2025 adjusted EPS between $0.92 and $1.12
Result Drivers
AAG GROWTH - Driven by increased demand for aftermarket products
PVG EXPANSION - Strategic customer program launches and market share gains in motorcycle and powersports boosted PVG net sales
SSG DECLINE - SSG net sales fell due to OEMs and distributors reducing inventory levels
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $376.36 mln | $383.30 mln (6 Analysts) |
Q3 Adjusted EPS | Miss | $0.23 | $0.55 (7 Analysts) |
Q3 EPS | -$0.02 | ||
Q3 Net Income | -$662,000 | ||
Q3 Gross Profit | $114.45 mln | ||
Q3 Income From Operations | $15.10 mln | ||
Q3 Pretax Profit | $1.62 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Fox Factory Holding Corp is $32.00, about 28.5% above its November 5 closing price of $22.89
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nGNX8ygVP
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)