Fox Factory Q4 revenue beats estimates

Overview

• Performance products maker's Q4 revenue grew 2.3%, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company announced Phase 2 of profit optimization plan targeting $40 mln savings in 2026

Outlook

• Company expects fiscal 2026 net sales between $1.328 bln and $1.416 bln

• Fox Factory targets $40 mln savings in 2026 through Phase 2 optimization

• Company anticipates fiscal 2026 adjusted EBITDA between $174 mln and $203 mln

Result Drivers

• AFTERMARKET SALES - AAG net sales rose 12.5% due to improved upfitting product performance and increased aftermarket demand, despite high interest rates and vehicle costs impacting dealers and consumers

• SPECIALTY SPORTS DECLINE - SSG sales fell 5% due to OEM, distributors, and dealers reducing inventory levels amid economic conditions

Company press release: ID:nGNXM4D0N

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $22.50, about 18.3% above its February 25 closing price of $19.02

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

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