Winnebago Slides As Q3 Tops Estimates But FY25 Outlook Gets Slashed

Winnebago Industries, Inc. (NYSE:WGO) shares dipped Wednesday after the recreational vehicle maker beat third-quarter earnings estimates but cut its full-year outlook.

The company reported third-quarter adjusted earnings per share of 81 cents, beating the analyst consensus estimate of 79 cents.

Quarterly sales of $775.10 million (down 1.4% year over year), beating the Street view of $774.81 million.

Also Read: Winnebago Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

The decrease in net sales was driven by a reduction in average selling price per unit related to product mix, partially offset by targeted price increases.

Net revenues for the Towable RV segment decreased by 3.8% to $371.7 million, Motorhome RV ...