Winnebago Industries Q4: EPS Beat, 35% Revenue Slump, Pressured Retail Market Dynamics & More
Portfolio Pulse from Lekha Gupta
Winnebago Industries Inc (NYSE:WGO) reported a Q4 FY23 sales decline of 34.6% Y/Y to $771.0 million, missing the consensus of $784.33 million. The revenue was impacted by lower unit sales due to current market conditions, dealer efforts to reduce inventories, and higher discounts and allowances. The company's gross profit fell 39.4% Y/Y to $127.5 million, and operating income was down 53.4% Y/Y to $57.5 million. However, the adjusted EPS of $1.59 beat the analyst consensus of $1.35. The company's shares are down 2.83% at $56.94.
October 18, 2023 | 3:00 pm
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Winnebago reported a significant decline in Q4 FY23 sales, gross profit, and operating income. However, the adjusted EPS beat the analyst consensus. The company's shares are down 2.83%.
The significant decline in sales, gross profit, and operating income indicates a challenging quarter for Winnebago. Despite the EPS beat, the overall negative financial performance and the drop in share price suggest a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100