| Metric | Value ($ M) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 358.12 | 2.9% | 4.5% |
| Total Income | 358.12 | 2.9% | 4.5% |
| Expenditure | 340.62 | 6.1% | 4.4% |
| PBT | 6.31 | 140.4% | 14.5% |
| Net Profit | 4.05 | 127.0% | 47.8% |
| OPM | 4.89% | 3.28pp | 0.05pp |
| NPM | 1.13% | 5.20pp | 0.40pp |
| EPS | 0.10 | 127.8% | 42.9% |
Fox Factory Announces CEO Transition and Preliminary Q3 FY26 Results Below Expectations
17 Oct 2026 · 17 Oct, 1:41 am
Summary
Fox Factory Holding Corp. announced preliminary third quarter fiscal 2026 results that were below expectations, primarily due to lower sales and margins at Marucci Sports, supply disruptions in the Powered Vehicles Group, and operating challenges in the Aftermarket Applications Group. Consequently, the company is lowering its fiscal 2026 outlook. The company also announced a leadership transition, appointing Douglas Grimm as Interim CEO while initiating a search for a permanent CEO. The updated fiscal 2026 outlook projects net sales between $1.35 billion and $1.38 billion and Adjusted EBITDA between $140 million and $150 million.
Key Highlights
- 1
Fox Factory announced a leadership change with Independent Director Douglas Grimm appointed Interim CEO, while a search for a permanent CEO is initiated.
- 2
Preliminary unaudited financial results for the third quarter of fiscal 2026 ended October 2, 2026, were below expectations.
- 3
The Company is lowering its outlook for fiscal 2026 to reflect preliminary third quarter results and the divestiture of Marucci Sports.
- 4
Net sales for Q3 FY26 are expected to be between $336 million and $340 million, below prior guidance.
- 5
Adjusted EBITDA for Q3 FY26 is projected to be between $38 million and $42 million, also below guidance.
- 6
The fiscal 2026 outlook for net sales is now expected to be between $1.35 billion and $1.38 billion, down from prior guidance.
- 7
Fiscal 2026 Adjusted EBITDA is now expected to be between $140 million and $150 million, excluding tariff refunds, a reduction from prior guidance.
Management Comments
Jean Hlay
Doug is an accomplished executive with more than four decades of operating experience in the automotive and industrial sectors, and we are confident he is the right interim leader to accelerate execution in our businesses. He has not only led multiple, successful transformations but also brings a deep understanding of our company’s heritage and the operational improvements we are executing on to reach our full potential. The Board and I look forward to working with him in this new capacity while we conduct a rigorous search for a permanent leader. On behalf of the Board, I also want to thank Mike for his many contributions to FOX over the last seven years. Mike helped build FOX into a precision engineering company with strong brands and great products. His focus on engineering and innovation earned the loyalty of our OEM partners, athletes and enthusiasts who depend on our products.
Douglas Grimm
FOX has earned its place as a leader in the powered vehicle and bike markets through an unwavering commitment to innovating performance-defining products for professional athletes and enthusiasts. It is an honor to serve as Interim CEO at this important moment in FOX’s trajectory. Through my work on the Transformation Committee, I have seen firsthand how FOX’s talented team is actively working to deliver the best products and improve our financial position. I look forward to working closely with Dennis and our leadership team to execute on our strategy and advance a culture of excellence that our customers rely on.
Mike Dennison
It has been a privilege to lead FOX since 2019 and navigate periods of significant change in partnership with such a talented team. I am proud of what we accomplished together and look forward to supporting Doug and the team through the transition.
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