Thor Industries falls after lowering annual profit forecast

THOR Industries

03/06/2026 12:01

** Shares of recreational vehicles manufacturer Thor Industries THO.N down ~7% at $72.4 premarket 
** Co cut its annual profit forecast due to a tough retail environment, driven by weak consumer confidence, cautious ordering by independent dealers, and rising costs from tariffs and inflation
** THO now expects FY diluted earnings per share in the range of $3.30 to $3.80 from $3.75 to $4.25 earlier
** Reports Q3 earnings of $1.86 per share, compared with $2.53 per share a year ago
** Net sales fell nearly 4% to $2.78 billion in the third quarter, from $2.89 billion a year ago 
** Four of 18 brokerages rate the stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $100 - data compiled by LSEG 
** As of last close, stock down 24.5% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))