Fox Factory Holding Corp. issued its first guidance as a publicly traded company last week by forecasting sales growth would slow in the back half of the year.
The maker of high-performance suspension components for mountain bikes and off-road vehicles said it expects third quarter fiscal 2013 sales in the range of $79 to $82 million, compared with $72.9 million in the third quarter of 2012. That imputes a growth rate of between 8.4 to 12.5 percent.
For the full year fiscal 2013, the company expects sales in the range of $264 to $270 million, compared with $235.9 million in 2012, or 11.9 to 14.5 percent. Fox Factory’s sales grew 17.7 percent in the first half of 2013 to $125.2 million.
Fox Factory earns the bulk of its sales from supplying shocks and other suspension components to OEMS of mountain bikes. Shares of the company, which is based in Scotts Valley, CA, have been trading under the FOXF symbol since its Aug. 9 initial public offering.
