Winnebago Q4 revenue misses estimates on lower unit volume

Winnebago Industries

Wed 12:08

Overview
U.S. RV maker's Q4 revenue declined 17% yr/yr and missed analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Revenue decline driven by lower unit volume and product mix shift

Outlook
Winnebago sees fiscal 2027 net revenues of $2.65 bln to $2.80 bln
Company expects fiscal 2027 reported EPS of $0.90 to $1.50
Winnebago expects fiscal 2027 adjusted EPS of $1.65 to $2.25

Result Drivers
LOWER UNIT VOLUME AND PRODUCT MIX - Co said Q4 revenue decline was mainly due to lower unit volume and shift toward lower price-point models
VOLUME DELEVERAGE - Co said lower gross margin in Q4 was mainly due to volume deleverage
COST REDUCTION INITIATIVES - Co said Q4 operating expenses fell mainly due to cost reduction initiatives

Company press release: ID:nGNX34FjjN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$645.10 mln
$660.08 mln (13 Analysts)
Q4 Adjusted EPS
Beat
$0.49
$0.47 (12 Analysts)
Q4 EPS
 
$0.34
 
Q4 Net Income
 
$9.70 mln
 
Q4 Adjusted EBITDA
 
$32.60 mln
 
Q4 Gross Margin
 
12.50%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy."
Wall Street's median 12-month price target for Winnebago Industries, Inc. is $34.00, about 46.7% above its October 20 closing price of $23.17
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)