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Stock impact report

Fox Factory Holding Corp. Reports First Quarter Fiscal 2024 Financial Results

Fox Factory Holding Corp. (FOXF) 
Last fox factory holding corp. earnings: 3/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ridefox.com
Company Research Source: GlobeNewswire
DULUTH, Ga., May 02, 2024 (GLOBE NEWSWIRE) -- 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 reported financial results for the first fiscal quarter ended March 29, 2024. First Quarter Fiscal 2024 Highlights Strategic diversification, demonstrated as the mix of aftermarket sales, increased to 59% of net sales from 46% in the prior year quarterNew product launches ramp led by the first Fox Factory branded off-road upfitted truck, model year ’25 bike releases and the introduction of side-by-side upfitsNet sales for the first quarter of fiscal 2024 were $333.5 million and in line with expectationsLoss per diluted share for the first quarter of fiscal 2024 was $0.08, and adjusted earnings per diluted share was $0.29 and above our expectationsNet income margin decreased 220 basis points sequentially from 1.2% in Show less Read more
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