Menu

Motorhome unit drags Winnebago sales in Q3

By Toby |
Earnings Update by AlphaStreet

Recreational vehicle maker Winnebago Industries, Inc. (NYSE: WGO) reported better-than-expected earnings in the third quarter, even as revenues missed the street view. The Forest City, Iowa-based firm reported Q3 earnings of $1.14 per share, 13 cents above the average analysts’ estimate.

Revenues fell 5.9% to $528.9 million in Q3, hurt by lower sales in the Motorhome segment. Analysts were expecting total revenues of $564.03 million.

Revenues for the Motorhome segment were $160.2 million, down 34.6% from the prior year, as dealers continue to lower their inventories. Profitability in the segment was hurt by a disruption in chassis supply by one of its key suppliers.

The company said that supply was improving during the early part of the current quarter, and it expects strong performance in the back half of this quarter and during fiscal 2020.

Revenues for the Towable segment were $346.8 million, up 10.8% from the prior year, driven particularly by the strength of the Grand Design RV brand.

READ: Everything you need to know about Tesla (TSLA) stock

CEO Michael Happe said, “Our North American RV retail share is approaching 10%, up from 3% just three years ago. The imbalance between industry wholesale shipments and retail sales continues to improve and will continue to do so in the back half of calendar 2019.”   

Hurt by lackluster sales environment, Winnebago shares have traded mostly sideways in the trailing 52 weeks. The stock is down 4.5% during this period. Since the start of 2019, the stock has somewhat recovered, gaining 54%.  

WGO ended its last trading session up 4.24% on Tuesday.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Advertisement

208 responses to “Motorhome unit drags Winnebago sales in Q3”

  1. fiverrearn.com

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously worth taking a appear, whoa did a single study about Mid East has got much more problerms too […]

  2. Secure piano storage

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless truly really worth taking a look, whoa did one particular study about Mid East has got far more problerms at the same time […]

  3. RTP slot

    […]we prefer to honor lots of other world-wide-web web-sites on the net, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  4. allgame

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless definitely really worth taking a look, whoa did one understand about Mid East has got more problerms as well […]

  5. ItMe.Xyz

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless genuinely worth taking a look, whoa did a single understand about Mid East has got far more problerms also […]

  6. Dog Papers

    […]we prefer to honor lots of other world wide web internet sites on the web, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

Leave a Reply

Top