Winnebago Stock Skids After Tough Quarter. Earnings Pressured by 'Subdued' Demand. -- Barrons.com

Dow Jones

Dec 20, 2024

By Emily Dattilo

Shares of Winnebago Industries were trading lower after the recreational-vehicle maker turned in disappointing earnings and sales.

Winnebago stock fell 5.7% in premarket trading Friday.

For its first fiscal quarter ended Nov. 30, the company reported an adjusted loss of 3 cents a share, missing Wall Street's call for earnings of 20 cents, according to FactSet.

Revenue of $625.6 million was below the consensus call for $672 million.

"As expected, the RV and marine operating environment remained challenging in the first quarter, marked by subdued consumer demand and a cautious dealer network reluctant to make significant commitments on new orders ahead of the historically slow winter season," said CEO Michael Happe in a statement.

The company narrowed its financial guidance for fiscal 2025 and now forecasts adjusted earnings per share of $3.10 to $4.40, compared with a prior range of $3 to $4.50. Analysts had penciled in $3.38.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 20, 2024 07:27 ET (12:27 GMT)

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Earnings Pressured by 'Subdued' Demand. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-20 20:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Emily Dattilo \n</p>\n<p>\n  Shares of Winnebago Industries were trading lower after the recreational-vehicle maker turned in disappointing earnings and sales. \n</p>\n<p>\n     Winnebago stock fell 5.7% in premarket trading Friday. \n</p>\n<p>\n     For its first fiscal quarter ended Nov. 30, the company reported an adjusted loss of 3 cents a share, missing Wall Street's call for earnings of 20 cents, according to FactSet. \n</p>\n<p>\n     Revenue of $625.6 million was below the consensus call for $672 million. \n</p>\n<p>\n     \"As expected, the RV and marine operating environment remained challenging in the first quarter, marked by subdued consumer demand and a cautious dealer network reluctant to make significant commitments on new orders ahead of the historically slow winter season,\" said CEO Michael Happe in a statement. \n</p>\n<p>\n     The company narrowed its financial guidance for fiscal 2025 and now forecasts adjusted earnings per share of $3.10 to $4.40, compared with a prior range of $3 to $4.50. Analysts had penciled in $3.38. \n</p>\n<p>\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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Analysts had penciled in $3.38. \n\n\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 20, 2024 07:27 ET (12:27 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}