Fox Factory Holding Corp. Announces Third Quarter Fiscal 2020 Financial Results
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Fox Factory Holding (FOXF) Tops Q3 EPS by 20c, Revenues Beat; Offers 4Q & FY20 EPS/Revenue Guidance Above Consensus
November 10, 2020 4:21 PM ESTFox Factory Holding (NASDAQ: FOXF) reported Q3 EPS of $1.07, $0.20 better than the analyst estimate of $0.87. Revenue for the quarter came in at $260.7 million versus the consensus estimate of $252.49 million.
Third Quarter Fiscal 2020 Highlights
Sales increased 23.4% to $260.7 million, compared to $211.3 million in the same period last fiscal yearGross margin increased 130 basis points to 34.3%, compared to 33.0% in the same period last fiscal year; non-GAAP adjusted gross margin increased 110 basis points to 34.5% compared to the same period last fiscal yearNet income attributable to FOX stockholders was $38.0 million, or 14.6% of... More