Fox Factory Reports Q3 2026 Results Amid Marucci Divestiture and Segment Volatility
Fox Factory (FOXF) reported third-quarter net sales of $338.4 million, a 10.1% decrease compared to the prior year. This decline was primarily driven by the divestiture of its Marucci business unit and softness in the bike and upfit segments. Despite the revenue drop, adjusted diluted EPS rose significantly to $0.54 from $0.23 in the previous year, bolstered by lower operating expenses and a $12 million benefit from IEEPA tariff refunds. The company's balance sheet saw significant improvement following the Marucci sale, with net debt reducing by $263.5 million since the start of the year. While the Specialty Sports Group faced double-digit declines due to destocking, the Powered Vehicles Group showed resilience with a 4.1% sales increase. Management remains focused on profit optimization, having captured $41 million of its $50 million full-year savings goal.