Fox Factory falls on lowered annual, Q3 sales forecast; CEO exit

By Reuters News

** Shares of vehicle parts supplier Fox Factory FOXF.O fall 23% to $14.20 premarket

** Stock set to open at its lowest level since November 2025

** Co cuts FY26 net sales forecast to $1.35 - $1.38 billion, from $1.42 - $1.47 billion

** Also lowers Q3 net sales outlook to $336 - $340 million, from $355 - $380 million

** Announces CEO Mike Dennison will step down; appoints Douglas Grimm as interim CEO

** Stock up 8.1% YTD, as of last close

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