Quarterly ResultMay 8, 2026, 06:07 AM
Fox Factory Q1 Net Loss Narrows to $15M; Sales Up 3.8%
AI Summary
Fox Factory Holding Corp. reported a significant reduction in net loss for the three months ended April 3, 2026, narrowing to $15.0 million from $259.7 million in the prior year, primarily due to the absence of a large goodwill impairment charge. Net sales increased by 3.8% to $368.7 million. The company also completed a divestiture and entered into an amended credit agreement in October 2025, securing a $537.5 million term loan and a $500 million revolving credit facility.
Key Highlights
- Net loss significantly narrowed to $15.0 million from $259.7 million year-over-year.
- Net sales increased 3.8% to $368.7 million for the three months ended April 3, 2026.
- Basic net loss per share improved to $(0.36) from $(6.23) in the prior year.
- Powered Vehicles Group (PVG) net sales rose 17.4% to $143.4 million.
- Specialty Sports Group (SSG) net sales decreased 8.7% to $110.5 million.
- Net cash used in operating activities was $16.1 million, compared to $0.7 million provided last year.
- Completed a divestiture, recording a $9.99 million loss and $4.96 million cash proceeds.
- Secured an Amended Credit Agreement with a $537.5 million term loan and $500 million revolving credit facility.
Price Impact
More from FOXF