Benzinga | Aug 5, 2021 05:23PM EDT

Fox Factory Sees Q3 Adj. EPS $0.95-$1.15 vs $1.06 Est., Sales $300M-$320M vs $297.47M Est.; Sees FY21 Adj. EPS $4.25-$4.45 vs $4.01 Est., Sales $1.2B-$1.24B vs $1.16B Est.

Fiscal 2021 Guidance

For the third quarter of fiscal 2021, the Company expects sales in the range of $300 million to $320 million and non-GAAP adjusted earnings per diluted share in the range of $0.95 to $1.15.

For the fiscal year 2021, the Company expects sales in the range of $1,200 million to $1,240 million and non-GAAP adjusted earnings per diluted share in the range of $4.25 to $4.45. We expect our full year effective tax rate to be on the lower end of our previously guided range of 15.0% to 19.0%.

Non-GAAP adjusted earnings per diluted share exclude the following items net of applicable tax: amortization of purchased intangibles, patent litigation-related expenses, acquisition and integration-related expenses, and strategic transformation costs. A quantitative reconciliation of non-GAAP adjusted earnings per diluted share for the third quarter and full fiscal year 2021 is not available without unreasonable efforts because management cannot predict, with sufficient certainty, all of the elements necessary to provide such a reconciliation.