Fox Factory Holding (NASDAQ:FOXF) First Quarter 2024 Results

Key Financial Results

• Revenue: US$333.5m (down 17% from 1Q 2023).

• Net loss: US$3.50m (down by 108% from US$41.8m profit in 1Q 2023).

• US$0.084 loss per share (down from US$0.99 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fox Factory Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Fox Factory Holding that we have uncovered.

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