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Fox Factory cuts FY23 adjusted EPS view to $4.20-$4.45 from $5.00-$5.30

Consensus $4.95. Cuts FY23 revenue view to $1.43B-$1.47B from $1.67B-$1.7B, consensus $1.65B. The company said, “For the fiscal year 2023, the Company expects net sales at the low end of $1,430 million to $1,470 million, adjusted earnings per diluted share at the low end of the range of $4.20 to $4.45, and a full year effective tax rate in the range of 15%.”

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