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32.30
1.80%
0.57
Why is Fox Factory Holding Corp (FOXF) Stock down?
We've noticed a 5.09% decline in Fox Factory Holding Corp (FOXF) stock during the 2024-11-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Nov, 2023:
Fox Factory Holding Corp. Stock (FOXF) dropped by 27.19% from $83.13 to $60.53 in the trading on Friday November 3, 2023. The reasons why FOXF stock down today include:
- Q3 earnings results: Fox Factory reported Q3 sales of only $331.1 million and $0.83 per share in net profits, missing expectations on both the top and bottom lines. Hurt badly by the effects of the autoworkers' strike, Fox saw a 19% slide in sales year over year and a 31% decline in per-share profits.
- Full-year sales guidance: Fox sees its 2023 sales of $1.43B - $1.47B, as compared to its previous outlook of $1.67B- $1.70B, and consensus of $1.56B. It sees its FY adjusted earnings per diluted share of the range of $4.20 to $4.45, as compared to consensus of $4.65.
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