Winnebago Industries' stock dropped by 6% following a disappointing earnings report. The company reported revenues of $786 million and a diluted earnings per share (EPS) of $0.96, with an adjusted diluted EPS of $1.13. Gross profit stood at $118.2 million, representing a 15% gross margin, while adjusted EBITDA was $58 million, representing a 7.4% adjusted EBITDA margin. The company also faced a significant decline in key financial metrics, including a 47% drop in EPS, a 15% decrease in revenue, a 49% reduction in net income, a 22% fall in gross profit, a 40% decline in adjusted EBITDA, and a 56% decrease in backlogs. SG&A expenses increased by 5%, and the year-to-date stock performance is down by 25%. Additionally, Winnebago's market share in the RV sector showed mixed results, with a 15% share in fifth wheels and a 6% share in travel trailers, while the inventory situation at major dealers did not align with the company's optimistic outlook.
Winnebago Industries $WGO Earnings: - Diluted EPS of $0.96 - Adjusted Diluted EPS of $1.13 - Revenue of $786 million “While outdoor industry market conditions remain challenged given inconsistent retail patterns and sustained dealer discipline relative to field inventory… https://t.co/xBlRbPzUA0
$WGO — @GeneralRVStore = largest pvt RV Dealer & their current inventory don’t match @WinnebagoRVs rosy picture $WGO RV MKT SHARE -Fifth Wheels: 15% -Travel Trailers: 6% $WGO % of @GeneralRVStore Inventory -Fifth Wheels: 26% -Travel Trailers: 20% SAME ISSUE ACROSS ALL DEALERS https://t.co/YVBiKORD2n https://t.co/gy6xoNPZME
$WGO (-4.9% pre) Winnebago’s stock slides after earnings fall short of estimates - MW https://t.co/5FDMp3r9uI
Winnebago $WGO Earnings Recap - Tough Times for Big Ticket Consumer Discretionary Setup wasn't bad here other than valuation (still a bit rich to recent history) - big underperformance for 6m, and 2+ years of forward earnings write-downs. But that wasn't enough: Rev $786M vs… https://t.co/scTKJj5sy6 https://t.co/CkNGCufE2u
$WGO DOUBLE MISS & YTD↓25% Disaster print yet @WinnebagoRVs refuses to acknowledge FRAME-FAILURE ISSUE “HIGHER WARRANTY EXPENSE due to favorable prior yr” BS due @Granddesignrv FRAME-FAILURE -EPS↓47% -Rev↓15% -NI↓49% -GP↓22% -Adj EBITDA↓40% -Backlogs↓56% -SG&A↑5% https://t.co/MaadRWh4kQ https://t.co/wYoQimNxCU
Winnebago's stock drops by 6% following lower than expected earnings report. Company faces challenges in current market conditions.
$WGO Earnings: - Revenues of $786.0 million - Diluted earnings per share of $0.96; adjusted diluted earnings per share of $1.13 - Gross profit of $118.2 million, representing 15.0% gross margin - Adjusted EBITDA of $58.0 million, representing 7.4% adjusted EBITDA margin - Cash… https://t.co/mtraXapJSA