---
schema_version: "secwatch.filing_event.v1"
accession: "0001424929-23-000077"
form_type: "8-K"
ticker: "FOXF"
cik: "0001424929"
company_name: "FOX FACTORY HOLDING CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:32:49.033251+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fox Factory Q1 sales up 5.8% to $399.9M; EPS $0.98 vs $1.13; guided FY adj EPS $5.00-$5.30

## Summary
- Net income $41.8M, diluted EPS $0.98; non-GAAP adj EPS $1.20 vs $1.32 YoY.
- Powered Vehicles sales +35%; Specialty Sports -30% on inventory destocking.
- Closed Custom Wheel House acquisition on March 3; total debt rose to $360M.
- Q2 guidance: sales $390-$410M, adj EPS $1.00-$1.20; FY 2023 sales $1.67-$1.70B.
- Appointed Brendan Enick as first Chief Accounting Officer; CFO search ongoing.

## SEC filing metadata
- accession: 0001424929-23-000077
- form_type: 8-K
- ticker: FOXF
- cik: 0001424929
- company_name: FOX FACTORY HOLDING CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000077/0001424929-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000077/foxf-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-23-000077
- JSON: https://secwatch.observer/filing/0001424929-23-000077.json
- Plain text: https://secwatch.observer/filing/0001424929-23-000077.txt

## Key facts
- Earnings Releases
  FOX FACTORY HOLDING CORP reported first quarter ended March 31, 2023 results: revenue $399.9 million, net income $41.8 million, EPS $0.98.
  - Period: first quarter ended March 31, 2023
  - Revenue: $399.9 million
  - Net income: $41.8 million
  - EPS: $0.98
  - Result: reported results
  source text: Fox Factory Holding Corp. Announces First Quarter Fiscal 2023 Financial Results Achieves Quarterly Sales of $399.9 Million Reports Earnings per Diluted Share of $0.98 Reports Non-GAAP Adjusted Earnings per Diluted Share of $1.20 DULUTH, Georgia, May 4, 2023 - Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000077/0001424929-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.