Categories Earnings, LATEST

Winnebago Industries (WGO): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Winnebago Industries (NYSE: WGO) reported fourth-quarter 2019 earnings of $1.01 per share, vs. $0.93 per share expected, helped by gross margin expansion of 10 basis points.

— Revenues edged down 1% to $530.4 million, vs. $520.6 million expected.

— Revenues for the Towable segment grew 6% $307.0 million, riding on strong organic unit deliveries of Grand Design RV. Revenues from Motorhome segment, meanwhile, slid 12% to $200.7 million, hurt by weakness in in Class C and Class A.

— WGO shares were down 1.8% during pre-market trading hours.

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