Fox Factory Holding Corp. reported a net sales increase of 5.3% for the fiscal year ending January 2, 2026, totaling $1.467 billion, compared to $1.394 billion in the previous year. The growth was primarily driven by heightened demand for aftermarket applications and improved performance in upfitting product lines, which offset a decline in the automotive original equipment (OE) segment. Despite the increase in sales, the company faced challenges from high interest rates and macroeconomic conditions that impacted consumer demand.

The company's cost of sales rose by 5.5% to $1.024 billion, influenced by increased sales volume and the impact of tariffs. Consequently, the gross margin slightly decreased to 30.2% from 30.4% in the prior year. Operating expenses surged significantly to $966.2 million, largely due to a $557.3 million goodwill impairment charge and $13.5 million in intangible and long-lived asset impairments. This led to a substantial operating loss of $522.9 million, compared to a profit of $57.7 million in the previous fiscal year.

In terms of strategic developments, Fox Factory made notable acquisitions, including Marucci Sports, which is expected to enhance its product offerings in the baseball and softball markets. The company also expanded its manufacturing footprint and product lines through these acquisitions, aiming to leverage its technical expertise in suspension products across various markets. As of January 2, 2026, Fox Factory employed approximately 3,700 individuals globally, with a significant presence in the U.S.

Looking ahead, Fox Factory aims to continue developing innovative products and expanding its market presence, particularly in international markets. The company plans to enhance its aftermarket penetration and explore additional acquisition opportunities to broaden its product offerings. However, it remains cautious about potential economic downturns and the impact of ongoing geopolitical tensions, which could affect its supply chain and overall business performance. The company expects that its existing liquidity and access to credit will support its operations in the coming year.

About FOX FACTORY HOLDING CORP

Fox Factory Holding Corp. designs, manufactures, and markets high-performance suspension systems, components, and gear primarily for bicycles, off-road vehicles, trucks, and specialty applications. Its products enhance vehicle control, durability, and ride quality, serving OEMs and consumers worldwide. The company leverages innovation, strong branding, and strategic acquisitions to maintain market leadership in premium sports, automotive, and cycling markets.

This description was generated via AI from an annual report. Updated 8 months ago.

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