Winnebago Incurs Q1 Loss, Tightens FY25 EPS Projections

Core Insights - Winnebago Industries (WGO) reported a significant decline in revenues and earnings for the first quarter of fiscal 2025, with revenues falling 18% year over year to $625.6 million, missing the Zacks Consensus Estimate of$ 675 million [6] - The company reaffirmed its fiscal 2025 consolidated revenue guidance in the range of $2.9 billion to$ 3.2 billion but tightened its adjusted EPS outlook to between $3.10 and$ 4.40, down from the previous range of $3 to$ 4.50 [3] Segment Performance - In the Towable RV segment, revenues decreased by 23.2% year over year to $254 million, with total deliveries down 15.7% to 6,616 units, both figures missing estimates [2] - The Motorhome RV segment saw revenues plunge 18.7% year over year to$ 271.7 million, with total deliveries falling 17.4% to 1,422 units, although this exceeded estimates [11] - The Marine segment reported revenues of $90.5 million, up 3.6% year over year, with total deliveries increasing by 4.7% to 1,171 units, slightly missing estimates [8] Financial Position - As of November 30, 2024, WGO had cash and cash equivalents of$ 262.5 million and long-term debt of $637.7 million [12] - The company repurchased shares worth$ 30 million during the quarter and declared a dividend of 34 cents per share [9] Peer Comparisons - REV Group reported fiscal fourth-quarter 2024 revenues of $597.9 million, exceeding estimates, while Thor Industries reported a revenue decline of 14.3% year over year to$ 2.14 billion, missing estimates [5][14]