BUZZ-Fox Factory shares drop as annual and Q3 sales forecasts are lowered; CEO resigns
路透社2026/10/16 13:17October 16 - ** Shares of auto parts supplier Fox Factory (stock symbol: FOXF.O) fell 23% in pre-market trading to $14.20
** The opening price is expected to reach a new low since November 2025
** The company lowered its fiscal 2026 net sales forecast (link) from $1.42 billion–$1.47 billion to $1.35 billion–$1.38 billion
** It also cut its third quarter net sales forecast from $355 million–$380 million to $336 million–$340 million
** Announced that CEO Mike Dennison will step down; Douglas Grimm has been appointed as interim CEO
** As of the previous trading session's close, the stock had risen 8.1% so far this year
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