Winnebago's 1Q Dented by Lower RV Volumes, More Low-Price Sales -- Market Talk

Dow Jones

2024-12-20

0916 ET - Winnebago swung to a loss in F1Q as it sold fewer RVs and offered more low-price models. Revenue was down 18% in part from lower unit volumes in its towable RV and motorhome businesses, which the company attributes to challenging market conditions. The top line was also dented by a reduction in average selling price per unit. CEO Michael Happe says Winnebago has been shifting the product mix of its towable RV segment to meet growing consumer preference for lower price-point models. The first half of fiscal 2025 is also expected to be impacted by tough market conditions and typical seasonality, the CEO says. Winnebago is off 2% premarket. (dean.seal@wsj.com)

(END) Dow Jones Newswires

December 20, 2024 09:16 ET (14:16 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Revenue was down 18% in part from lower unit volumes in its towable RV and motorhome businesses, which the company attributes to challenging market conditions. The top line was also dented by a reduction in average selling price per unit. CEO Michael Happe says Winnebago has been shifting the product mix of its towable RV segment to meet growing consumer preference for lower price-point models. The first half of fiscal 2025 is also expected to be impacted by tough market conditions and typical seasonality, the CEO says. Winnebago is off 2% premarket. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 20, 2024 09:16 ET (14:16 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}