NEW
YORK, April 16, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Fox
Factory Holding Corp. (NASDAQ: FOXF).
Shareholders who purchased shares of FOXF during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/fox-factory-loss-submission-form/?id=75594&from=4
CLASS PERIOD: May 6, 2021
to November 2, 2023
ALLEGATIONS: According to the filed complaint, defendants
made misleading statements and omissions regarding the Company's
business, financial condition, and prospects, particularly with
regard to demand for Fox Factory's products and inventory levels.
Specifically, the complaint alleges that on
November 2, 2023, after the markets
closed, Fox Factory filed a Form 8-K with the SEC, reporting that
its net sales for the third quarter of fiscal year 2023 decreased
19.1% year-over-year due to "higher levels of inventory across
various channels." In addition, Fox Factory cut its full-year sales
guidance from between $1.67B and
$1.70B to between $1.45B and $1.47B,
citing continued inventory destocking in its Specialty Sports Group
segment. On this news, the price of Fox Factory's common stock
declined $22.60, or 37.34%, to close
at $60.53 per share on November 3, 2023.
DEADLINE: April 22, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/fox-factory-loss-submission-form/?id=75594&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of FOXF during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is April 22, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
