---
schema_version: "secwatch.filing_event.v1"
accession: "0001424929-23-000131"
form_type: "8-K"
ticker: "FOXF"
cik: "0001424929"
company_name: "FOX FACTORY HOLDING CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:44:41.691969+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fox Factory Q2 net sales $401M (-1.5% YoY), adj EPS $1.21, SSG down 41%, reaffirms FY low end

## Summary
- Q2 net sales $400.7M (-1.5% YoY); net income $39.7M ($0.94 dil EPS) vs $53.5M ($1.26) prior year.
- Adjusted EPS $1.21, adjusted EBITDA $79.4M (19.8% margin), both down YoY but exceeded expectations.
- PVG +32.6%, AAG +26.2% driven by OEM and Custom Wheel House; SSG -41.0% on channel inventory glut.
- Gross margin fell 220 bps to 32.9% on inventory markup amortization and mix shift; adj gross margin 34.4%.
- FY2023 guidance net sales low end of $1.67-1.70B, adj EPS low end $5.00-5.30; Q3 adj EPS $1.00-1.20.

## SEC filing metadata
- accession: 0001424929-23-000131
- form_type: 8-K
- ticker: FOXF
- cik: 0001424929
- company_name: FOX FACTORY HOLDING CORP
- filed_at: 2023-08-03T23:59:59+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/1424929/000142492923000131/0001424929-23-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000131/foxf-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-23-000131
- JSON: https://secwatch.observer/filing/0001424929-23-000131.json
- Plain text: https://secwatch.observer/filing/0001424929-23-000131.txt

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