Fox Factory Names Interim CEO and Cuts Q4 and FY26 Outlook

FOXF announce CEO transition; Independent Director Douglas Grimm Appointed Interim CEO; Board Initiates Search for Permanent CEO; Provides guidance, Preliminary Third Quarter Fiscal 2026 Results Below Expectations

Fox Factory Holding Corp. (NASDAQ: FOXF ) ("FOX" or the "Company"), a premium brand and a global leader in the design, engineering and manufacturing of performance-defining products and systems for customers worldwide, today announced preliminary unaudited information. The Company expects to report the following for the third quarter of fiscal 2026 ended October 2, 2026: Net sales of $336 million to $340 million, compared to guidance of $355 million to $380 million. Net sales include approximately $33 million from Marucci Sports through the September 25, 2026 closing of the divestiture, compared to approximately $46 million assumed in guidance for the full quarter. Adjusted EBITDA of $38 million to $42 million, excluding approximately $12 million of IEEPA tariff refunds received in the quarter, compared to guidance of $46 million to $54 million, which did not include any tariff refunds. The Company is lowering its outlook for the fourth quarter of fiscal 2026: Net sales of $287 million to $313 million, in line with prior underlying guidance for its remaining core businesses, excluding Marucci Sports. The Company is lowering its fiscal 2026 outlook to reflect preliminary third quarter results, the divestiture of Marucci Sports on September 25, 2026, and updated expectations for the fourth quarter. For fiscal 2026, the Company now expects: Net sales of $1.35 billion to $1.38 billion, compared to prior guidance of $1.42 billion to $1.47 billion. Approximately $63 million of the reduction reflects Marucci Sports, including approximately $50 million of fourth quarter net sales included in prior guidance.

Fox Factory shares are trading lower after the company reported preliminary Q3 results below guidance and cut its Q4 and fiscal 2026 outlook, citing weakness at Marucci Sports, supply disruptions and operational challenges.