secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001424929-24-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox Factory Q1 net loss $0.08/sh; revenue down 16.6% to $333.5M; narrows FY24 outlook
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- GAAP net loss $3.5M ($0.08 per diluted share) vs net income of $41.8M ($0.98) year ago.
- Adjusted EPS of $0.29 beat expectations; revenue $333.5M declined 16.6% YoY.
- All segments fell: AAG -27%, PVG -17%, SSG -5%; aftermarket mix rose to 59% of sales.
- Adjusted EBITDA margin fell to 12.1% from 19.8%; inventory down $17.8M QoQ to $354M.
- FY24 guidance narrowed: net sales $1.53-$1.61B, adj. EPS $2.30-$2.55; Q2 view $340-$360M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492924000052/0001424929-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492924000052/foxf-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001424929-24-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer