Shares of recreational vehicle maker Thor Industries Inc (NYSE: THO) plummeted 13.43% in the pre-market session on Wednesday, March 5th, following the company's disappointing fiscal second-quarter earnings results and lowered guidance for the full year 2025.
For the quarter ended January 31, 2025, Thor reported a net loss of $0.01 per diluted share, missing analysts' expectations of $0.07 earnings per share. Despite the loss, the company's revenue of $2.02 billion exceeded estimates of $1.98 billion.
Thor attributed the disappointing results to continued macroeconomic headwinds and challenging market conditions, particularly in North America and Europe. The company also noted that strategic actions taken with dealer partners weighed on margins during the quarter.
Looking ahead, Thor narrowed its fiscal 2025 guidance, now expecting diluted earnings per share in the range of $3.30 to $4.00, down from the previous outlook of $4.00 to $5.00. The company revised its consolidated net sales guidance to $9.0 billion to $9.5 billion, compared to the prior range of $9.0 billion to $9.8 billion.