Overview

* Fox Factory ( FOXF ) fiscal Q2 net sales up 7.6% to $374.9 mln, beating estimates

* Adjusted EPS for fiscal Q2 at $0.40, missing analyst expectations

* Net income declines to $2.7 mln from $5.4 mln yr/yr, impacted by high tax rate

Outlook

* Company expects Q3 net sales between $370 mln and $390 mln

* Fox Factory ( FOXF ) anticipates FY 2025 net sales between $1.45 bln and $1.51 bln

* Company projects Q3 adjusted EPS between $0.45 and $0.65

* Fox Factory ( FOXF ) forecasts FY 2025 adjusted EPS between $1.60 and $2.00

Result Drivers

* SEGMENT GROWTH - Net sales increased across all segments, driven by stabilization in bike sales, demand for aftermarket products, and motorcycle business expansion

* COST MANAGEMENT - Strategic initiatives such as footprint optimization and production shifts helped mitigate tariff impacts

* PRODUCT INNOVATION - Focus on product innovation continues to drive growth despite uncertain economic conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $374.86 $349.50

mln mln (7

Analysts

)

Q2 Miss $0.4 $0.44 (7

Adjusted Analysts

EPS )

Q2 EPS $0.07

Q2 Net $2.70

Income mln

Q2 Gross $116.99

Profit mln

Q2 $18.53

Income mln

From

Operatio

ns

Q2 $5.50

Pretax mln

Profit

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 ( FOXF ) is $30.00, about 2.6% above its August 6 closing price of $29.22

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(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.)