Fox Factory Holding Corp. (FOXF) announced a leadership change and significantly lowered its fiscal 2026 outlook after preliminary Q3 results fell short of guidance.
Key points:
- CEO Mike Dennison stepped down, replaced by interim CEO Douglas Grimm .
- Q3 net sales expected at $336M-$340M, below guidance of $355M-$380M.
- Adjusted EBITDA projected at $38M-$42M, missing guidance of $46M-$54M.
- Full FY26 net sales guidance cut to $1.35B-$1.38B (from $1.42B-$1.47B).
- Full FY26 adjusted EBITDA guidance slashed to $140M-$150M (from $176M-$196M).
The company cited lower sales/margins at Marucci Sports, supply disruptions, operational challenges, and softer bike sales for the shortfall .
Fox Factory replaces CEO, cuts fiscal 2026 outlook on weak Q3
INVESTING.COMOct 16, 12:22 PM UTC
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