BUZZ-RV maker Winnebago Industries falls on downbeat Q1

Reuters
2024-12-20

** Shares in recreational vehicle manufacturer Winnebago Industries down ~3% at $50.37 premarket

** Company misses estimates for Q1 sales and profit, hurt by lower unit volume, reduction in average selling price, higher warranties and lower leverage on dealer network

** WGO says Q2 is likely to remain challenged

** Revenue down 18% at $625.6 mln compared with analysts' estimate of $672.2 mln - data compiled by LSEG

** Posts adjusted loss per share of 3 cents vs estimates of a 20-cent profit

** Towable RV and Motorhome RV segment revenue down in the quarter, while that from Marine segment up over the year earlier

** Company now forecasts annual adjusted EPS to be between $3.10 and $4.40 from $3.00 to $4.50 expected earlier

** Up to last close, stock down ~29% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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