Bill McColl
2 min read
In This Article:
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Winnebago Industries' fiscal third-quarter earnings and revenue declined as weak economic conditions hurt sales.
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The RV maker also reduced its full-year outlook.
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Winnebago CEO Michael Happe said the company faced the "diverse dynamics of our business segments and the challenges posed by an uncertain economic environment."
Winnebago Industries (WGO) shares declined Wednesday as the recreational vehicle (RV) maker's quarterly profit and sales fell and it reduced its guidance on continued weakness in demand because of economic conditions.
The company behind its namesake RVs and Chris-Craft boats reported fiscal 2025 third-quarter adjusted earnings per share (EPS) of $0.81, down from $1.10 a year ago, and revenue slipped 1.4% year-over-year to $775.1 million. Both were short of Visible Alpha estimates and fell within the ranges Winnebago issued in a preliminary report earlier this month.
Towable RV sales slid nearly 4% to $371.7 million, as Winnebago sold more lower-priced products. They dropped 2.6% to $291.2 million for Motorhome RVs on falling volumes. However, Marine sales were up nearly 15% to $100.7 million on higher prices.
CEO Michael Happe explained that the company faced the "diverse dynamics of our business segments and the challenges posed by an uncertain economic environment."
Winnebago now anticipates fiscal 2025 adjusted EPS of $1.20 to $1.70, down from its earlier outlook of $2.75 to $3.75. It sees revenue between $2.7 billion and $2.8 billion, compared to its previous forecast of $2.8 billion to $3.0 billion. Happe noted that "the macroeconomic backdrop presents near-term challenges."
Shares of Winnebago Industries fell nearly 3% about an hour after the opening bell. They have lost 36% of their value in 2025.
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