1255 ET - Winnebago has seen its share of the RV market deteriorate in the first half of the fiscal year, but management sees several potential green shoots ahead that should lead to better results in the back half, Raymond James analysts say in a research note. October industry inventory levels were relatively healthy and Winnebago's internal retail data improved sequentially in November and the first half of December, the analysts say. Election anxiety among buyers is also now in the rearview, and both recent and future rate cuts should stabilize consumer sentiment, they say. The expansion of Winnebago's Grand Design subsidiary's motorhome lineup was also called out as a catalyst, the analysts say. (dean.seal@wsj.com)
(END) Dow Jones Newswires
December 23, 2024 12:55 ET (17:55 GMT)
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