** Shares in recreational vehicle maker Thor Industries THO.N down 15.2%, gapping down for second straight day and on track for biggest daily drop in a year after it reported fiscal Q2 loss/shr and y/y revenue decline, lowered FY guidance
** THO, citing a challenging economic environment, reported diluted loss per share of $0.01 vs profit of $0.13 in year-ago quarter on net sales of $2.018 bln, down 8.6% from $2.207 bln year-ago as per its statement
** Co says while net sales in first half in line with financial guidance pressure on margins have been higher than anticipated and noted that "the recent decline in consumer confidence and the impacts of a broad tariff policy create uncertainty in the market in the near term"
** Now sees FY 2025 net sales of $9.0 billion to $9.5 billion vs previous $9.0 billion to $9.8 billion estimate
** Sees FY gross profit margin of 13.8% to 14.5% vs prev range of 14.7% to 15.2%, sees diluted EPS in $3.30 to $4.00 range vs prev est of $4.00 to $5.00
** Shares last traded at $81.06 vs median PT of $110, up from $105 a month ago as per LSEG which shows 17 analyst ratings: 4 'strong buy,' 1 'buy,' 10 'hold' and 2 'sell'
** YTD, shares down 15.6% after falling ~19% in 2024 vs ~9% drop for S&P 400 consumer discretionary index .SPMDCD, which rose ~8% in 2024
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com; +13322191897;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.