Winnebago Stock Climbs On Q2 Earnings Beat, But FY25 Forecast Slashed On Market Headwinds

Outdoor lifestyle product manufacturer Winnebago Industries Inc (NYSE:WGO) shares are trading higher in premarket after the second-quarter earnings.

The company reported a second-quarter sales decline of 11.8% year-on-year to $620.20 million, beating the analyst consensus estimate of $616.66 million.

The decrease in revenue was driven by a reduction in average selling price per unit related to product mix.

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Towable RV segment revenue climbed 1.2% Y/Y to $288.2 million. Motorhome RV revenue of $235.6 million decreased 30.4% Y/Y due to lower unit volume related to current market conditions. Marine segment revenue gained 17.1% to $81.7 million.

Gross profit decreased 21.1% Y/Y to $83.1 million, and gross profit margin contracted ...