Thor Industries drops as 2023 forecasts cut

THOR Industries

07/03/2023 12:27

** Shares of recreational vehicles manufacturer Thor
Industries  THO.N  fall 9.5% to $83.75 before the bell
    ** Cuts 2023 consolidated net sales to a range of $10.5
bln-$11.5 bln from prior guidance of $11.5 bln-$12.5 bln
    ** Cuts 2023 diluted EPS guidance to $5.50-$6.50 from
$7.40-$8.70 
    ** Expects near-term demand to remain influenced by current
macroeconomic conditions
    ** Q2 net sales fell 39.4% to $2.35 bln 
    ** EPS $0.50 vs $4.79 a year earlier
    ** Stock fell 27.25% in 2022
    
    

 (Reporting by Sri Hari N S)
 ((SriHari.NS@thomsonreuters.com;))