Fox Factory Q1 net sales up 3.9% to $368.7 million; net loss $15.0 million
Fox Factory reported first-quarter fiscal 2026 net sales of $368.7 million, up 3.9%, and a net loss of $15.0 million, versus a $259.7 million loss a year earlier that included a $262.1 million goodwill impairment. Adjusted EBITDA fell to $35.7 million from $39.6 million, and the company reaffirmed its full-year fiscal 2026 guidance. On May 6, 2026, it also amended its credit agreement, changing borrowing margins and the net leverage covenant.
Key points
- Net sales were $368.7 million, up from $355.0 million; net loss was $15.0 million, or $0.36 per diluted share, versus a $259.7 million loss a year earlier.
- Adjusted EBITDA was $35.7 million versus $39.6 million, and adjusted earnings per diluted share were $0.18 versus $0.23.
- Second-quarter fiscal 2026 guidance: net sales of $343 million to $365 million and adjusted EBITDA of $32 million to $40 million; full-year guidance reaffirmed.
- On May 6, 2026, the company signed a Sixth Amendment to its credit agreement with Wells Fargo Bank as administrative agent; the net leverage covenant is 5.00 through January 1, 2027, stepping down to 4.00 from June 30, 2028.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.