Shares of Winnebago Industries Inc. shares rose 3.5% in premarket trades after the motorhome and towables maker reported better-than-expected fiscal second-quarter revenue and a narrowed loss.
The company (WGO) reported a net loss of $0.4 million, or 2 cents a share, compared with a net loss of $12.7 million, or 43 cents a share, in the prior year's quarter. Winnebago Industries' adjusted fourth-quarter profit of 19 cents a share was above the FactSet consensus estimate of 13 cents a share.
Revenue was $620.2 million, down from $703.6 million in the same period last year, but above the analyst FactSet consensus estimate of $617 million. Winnebago Industries said that the revenue decline was driven by a reduction in average selling price per unit related to product mix, although this was partially offset by targeted price increases.
The Eden Prairie, Minn.-based company lowered its fiscal 2025 guidance, and now expects sales of $2.8 billion to $3 billion, reported earnings per diluted share between $2.10 to $3.10 a share, and adjusted earnings of $2.75 to $3.75 a share.
Previously, Winnebago Industries was looking for revenue of $2.9 billion to $3.2 billion, reported earnings of $2.50 to $3.80 a share, and adjusted earnings of $3.10 to $4.40 a share.
(This is a breaking news story. Check back for updates)
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March 27, 2025 07:32 ET (11:32 GMT)
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