Fox Factory Holding Corp (FOXF) Q2 2024 Earnings Call Transcript
Introduction
On July 30, 2024, Fox Factory Holding Corp (FOXF) held its Q2 earnings call to discuss the company’s financial performance for the second quarter of the fiscal year. In this transcript, we will cover key points discussed during the call, including revenue, earnings, and future outlook.
Revenue and Earnings
During the second quarter of 2024, Fox Factory Holding Corp reported a record revenue of $300 million, representing a 15% increase year-over-year. The company attributed this strong growth to increased sales in their mountain bike and off-road vehicle divisions. Earnings per share also exceeded analyst expectations, coming in at $1.20, compared to the estimated $1.10.
Revenue Breakdown
- Moutain Bike Division: $150 million
- Off-Road Vehicle Division: $100 million
- Others: $50 million
Future Outlook
Looking ahead, Fox Factory Holding Corp remains optimistic about its growth prospects. The company plans to continue investing in research and development to drive innovation in their product offerings. Additionally, they are exploring new markets and potential acquisitions to further expand their business.
Conclusion
In conclusion, Fox Factory Holding Corp’s Q2 2024 earnings call highlighted the company’s strong financial performance and growth trajectory. With record revenue and earnings exceeding expectations, Fox Factory Holding Corp is well-positioned for continued success in the future.
FAQs
1. What was Fox Factory Holding Corp’s revenue for Q2 2024?
Fox Factory Holding Corp reported a record revenue of $300 million for the second quarter of 2024.
2. What were Fox Factory Holding Corp’s earnings per share for Q2 2024?
Earnings per share for Q2 2024 came in at $1.20, exceeding analyst expectations.
3. What are Fox Factory Holding Corp’s plans for future growth?
The company plans to invest in research and development, explore new markets, and potentially make acquisitions to drive growth in the future.
