Fox Factory Stock Plunges 19% on Lowered Sales Guidance and Interim CEO Appointment

Key Facts

1Fox Factory lowered its 2026 net sales outlook to a range of $1.35 billion to $1.38 billion.

2Douglas Grimm was appointed interim CEO effective October 16 following Mike Dennison's departure.

3The stock experienced a sharp decline of approximately 19%, opening at $15.00 after a previous close of $18.50.

Fox Factory lowered its 2026 net sales outlook to a range of $1.35 billion to $1.38 billion. Financial Modeling Prep reported that the company appointed Douglas Grimm as interim CEO effective October 16, 2026, following the departure of Mike Dennison. The stock experienced a sharp decline of approximately 19%, opening at $15.00 after a previous close of $18.50, according to Defense World.

FOXF closed at $16.04 on October 16, 2026, having reached a day high of $17.18 and a low of $15.00 during the session. The company cited weaker performance in its Marucci segment, supply disruptions in PVG, and softer demand in the bike market as primary reasons for the downward revision. Roth Capital maintained a Neutral rating on the stock following these announcements.

The company is scheduled to hold its third-quarter earnings call on November 5, 2026, where further details regarding the permanent CEO search and operational updates are expected to be discussed.