Winnebago Results Dragged by ‘Challenging’ Environment | Global News Avenue

Recreational vehicle (RV) manufacturer Winnebago Industries (WHOIt reported an unexpected quarterly loss on Friday amid weak consumer demand and dealer caution.

The company reported a loss of $0.18 per share in the first quarter of fiscal 2025, while analysts polled by Visible Alpha expected a profit of $0.04 per share. Winnebago also reported an adjusted loss of $0.03 per share, while adjusted profit per share was expected to be $0.17. Revenue fell 18% year over year to $625.6 million, also below expectations.

Towable RV sales fell 23% to $254 million, and RV sales fell 19% to $271.7 million. Marine vehicle sales increased nearly 4% to $90.5 million.

CEO says dealers to be cautious ahead of ‘historically slow winter’

Chief Executive Officer (CEO) “The RV and offshore operating environment remains challenging,” said Michael Happe. Happe noted that like hesitant buyers, dealers were “reluctant to make any commitments on new orders ahead of a historically slow season.” A big commitment.” Happe warned that while Winnebago remains confident in its strong positioning and long-term growth potential, the current quarter “may remain challenging.”

Based on first-quarter results, the company now expects full-year results Earnings per share (EPS) Adjusted earnings per share ranged from $2.50 to $3.80, narrowed from the previous range of $2.40 to $3.90, and adjusted earnings per share ranged from $3.10 to $4.40, compared with the prior range of $3.00 to $4.50. It confirmed its previous revenue guidance of $2.9 billion to $3.2 billion.

Shares of Winnebago Industries fell about 1% shortly after the market opened. They have lost nearly 30% of their value this year.