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EDEN PRAIRIE, Minn. - On Wednesday, Winnebago Industries (NYSE:WGO) reported third quarter fiscal 2025 results that fell short of analyst expectations, as the recreational vehicle maker continues to navigate a challenging economic environment.
Winnebago’s shares edged 0.03% lower in pre-market trading following the earnings release.
The company posted adjusted earnings per share of $0.81, missing the consensus estimate of $0.90. Revenue came in at $775.1 million, slightly below analysts’ projections of $779.46 million and down 1.4% from $786.0 million in the same quarter last year.
"Our fiscal third-quarter results reflect both the diverse dynamics of our business segments and the challenges posed by an uncertain economic environment," said Michael Happe, President and CEO of Winnebago Industries.
The Towable RV segment saw net revenues decrease 3.8% YoY to $371.7 million, primarily due to a shift in product mix toward lower price-point models. However, unit deliveries increased 2.5% to 9,495 units.
The Motorhome RV segment reported a 2.6% YoY decline in net revenues to $291.2 million, with unit deliveries falling 14.8% to 1,431 units.
The Marine segment was a bright spot, with net revenues rising 14.6% YoY to $100.7 million and unit deliveries increasing 11.3% to 1,254 boats.
Looking ahead, Winnebago lowered its full-year fiscal 2025 outlook. The company now expects adjusted earnings per share of $1.20 to $1.70, below the previous analyst consensus of $1.80. Revenue is projected to be between $2.7 billion and $2.8 billion.
"Although the macroeconomic backdrop presents near-term challenges, we remain confident in the resilience of our brands and the long-term potential of our end markets," Happe added.
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