RV maker Winnebago Industries falls on downbeat Q1

Winnebago Industries

20/12/2024 13:50

** Shares in recreational vehicle manufacturer Winnebago
Industries  WGO.N  down ~3% at $50.37 premarket
    ** Company misses estimates for Q1 sales and profit, hurt by
lower unit volume, reduction in average selling price, higher
warranties and lower leverage on dealer network
    ** WGO says Q2 is likely to remain challenged
    ** Revenue down 18% at $625.6 mln compared with analysts'
estimate of $672.2 mln - data compiled by LSEG
    ** Posts adjusted loss per share of 3 cents vs estimates of
a 20-cent profit
    ** Towable RV and Motorhome RV segment revenue down in the
quarter, while that from Marine segment up over the year earlier
    ** Company now forecasts annual adjusted EPS to be between
$3.10 and $4.40 from $3.00 to $4.50 expected earlier
    ** Up to last close, stock down ~29% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))