Winnebago Q3 Earnings Beats Estimates, Barletta Brand Remains A Bright Spot
Portfolio Pulse from Nabaparna Bhattacharya
Winnebago Industries reported Q3 FY23 sales decline of 38.2% YoY to $900 million, missing the consensus of $961 million. Adjusted EPS of $2.13 beat the analyst consensus of $1.83. The Barletta brand remains a bright spot, while towable RV and motorhome revenues fell. Marine segment revenues increased by 1.9%.
June 21, 2023 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Winnebago's Q3 sales declined 38.2% YoY, missing estimates, but adjusted EPS beat expectations. Barletta brand remains strong, while towable RV and motorhome revenues fell.
Winnebago's Q3 sales decline and miss of consensus estimates are likely to negatively impact the stock price in the short term. However, the adjusted EPS beat and strength in the Barletta brand may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100