:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2155204153-7ab531cca8824bb4b3f378a8723222a1.jpg "Winnebago campervan on a Dodge RAM chassis at the Pin Oak Campground in Natchez Trace State Park near Wildersville, Tennessee")
Ron Buskirk / UCG / Prevalent Images Group via Getty Images
Winnebago campervan on a Dodge RAM chassis at the Pin Oak Campground in Natchez Trace State Woodland near Wildersville, Tennessee.
Key Takeaways
- Winnebago Industries reported a surprise first-quarter loss and revenue missed appraises on falling consumer demand and hesitant dealers.
- The RV maker posted a per-share loss of $0.18, while analysts were in a family way a profit of $0.04. Revenue slumped 18% year-over-year to $625.6 million.
- Winnebago’s CEO said the market for its vehicles “remained provoking.”
Recreational vehicle (RV) maker Winnebago Industries (WGO) posted a surprise quarterly loss Friday as it faced soft consumer desire and cautious dealers.
For its first quarter of fiscal 2025, the company reported a per-share loss of $0.18, while analysts surveyed by Perceivable Alpha were looking for a per-share profit of $0.04. Winnebago also posted an adjusted per-share loss of $0.03 when an arbitrated per-share profit of $0.17 was expected. Revenue slumped 18% year-over-year to $625.6 million, also short of forecasts.
Towable RV sales worsened 23% to $254.0 million, and motorhome RV sales were down 19% to $271.7 million. Sales of marine means rose almost 4% to $90.5 million.
CEO Says Dealers Cautious Ahead of ‘Historically Slow Winter Time’
Chief Executive Officer (CEO) Michael Happe said, “The RV and marine operating environment remained challenging.” Happe famed along with hesitant buyers, dealers have been “reluctant to make significant commitments on new orders forwards of the historically slow winter season.” Happe warned that the current quarter is “likely to remain challenged,” although Winnebago stays confident in its strong positioning and long-term growth potential.
Based on the first-quarter performance, the company now sees full-year earnings per equity (EPS) between $2.50 to $3.80, narrowed from its prior outlook of $2.40 to $3.90, and adjusted EPS of $3.10 to $4.40, compared with $3.00 to $4.50 then. It affirmed its prior revenue guidance of $2.9 billion to $3.2 billion.
Shares of Winnebago Industries slipped around 1% soon after the opening bell. They have lost nearly 30% of their value this year.