Thor Industries Cuts Its Outlook as RV Sales Struggle

Key Takeaways Recreational vehicles (RV) maker Thor Industries (THO) on Wednesday lowered its guidance as it faced what it called "challenging market conditions" in North America. Thor slashed its fiscal 2024 revenue outlook to $9.8 billion to$10.1 billion from the previous estimate of $10.0 billion to$10.5 billion. It reduced its earnings per share (EPS) forecast to $4.50 to$4.75 from the earlier $5.00 to$5.50 range. The news came as Thor posted fiscal third-quarter EPS of $2.13, with revenue falling 4 ...