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Oct 02, 2020
Fox Q3 2020 Earnings Report
Achieved record sales and increased gross margin.
Key Takeaways
Fox Factory Holding Corp. reported a 23.4% increase in sales to $260.7 million and a gross margin increase of 130 basis points to 34.3% for the third quarter of fiscal year 2020. The company reported earnings per diluted share of $0.90 and adjusted earnings per diluted share of $1.07.
Sales increased 23.4% to $260.7 million compared to the same period last fiscal year.
Gross margin increased 130 basis points to 34.3% compared to the same period last fiscal year.
Net income attributable to FOX stockholders was $38.0 million, or $0.90 of earnings per diluted share.
Non-GAAP adjusted net income was $45.4 million, or $1.07 of adjusted earnings per diluted share.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2020, the Company expects sales in the range of $240.0 million to $250.0 million and non-GAAP adjusted earnings per diluted share in the range of $0.72 to $0.80. For the fiscal year 2020, the Company expects sales in the range of $868.2 million to $878.2 million and non-GAAP adjusted earnings per diluted share in the range of $2.84 to $2.92.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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