Winnebago Q2 Results Beat Market, Cuts FY25 Outlook; Stock Up In Pre-market

Winnebago Industries

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(RTTNews) - Winnebago Industries Inc. (WGO) on Thursday trimmed fiscal 2025 earnings and revenues outlook after reporting narrower net loss and weak revenues in its second quarter. However, quarterly results beat market estimates.

In pre-market activity on the NYSE, Winnebago shares were gaining around 3.9 percent to trade at $36.11.

For fiscal 2025, the manufacturer of outdoor lifestyle products now projects earnings per share of $2.10 to $3.10 and adjusted earnings per share of $2.75 to $3.75, on revenues of $2.8 billion to $3.0 billion.

The Wall Street analysts on average expect the company to report earnings of $3.19 per share on revenues of $2.95 billion. Analysts' estimates typically exclude special items.

The company previously expected earnings per share of $2.50 to $3.80, and adjusted earnings per share of $3.10 to $4.40, on revenues in the range of $2.9 billion to $3.2 billion.

President and Chief Executive Officer Michael Happe said, "Our full-year financial outlook for fiscal 2025 is updated to take into consideration the very dynamic environment and the macro-economic and sector challenges that our industry has been presented. Among these are stubborn interest rates, inconsistent consumer sentiment, and dealers that continue to push inventory levels lower, particularly in the Motorhome RV and Marine segments..... While these near-term challenges exist, we remain confident in the long-term demand landscape and the strong interest in the outdoor lifestyle that our consumers demonstrate."

In its second quarter, Winnebago's net loss was $0.4 million, narrower than last year's loss of $12.7 million. Loss per share was $0.02, compared to loss of $0.43 in the same period last year.

Adjusted earnings were $0.19 per share for the period, compared to $0.93 last year. Analysts projected $0.16 per share for the quarter.

Revenue declined 11.8% to $620.2 million from $703.6 million in the same period last year. The Street was looking for revenues of $616.66 million for the quarter.

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