Winnebago Industries Q4 Results Miss Estimates, Stock Dips On Soft Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Winnebago Industries reported Q4 results that missed estimates, leading to a 7.49% drop in stock price. The company faced challenges such as decreased gross profit, increased operating expenses, and a soft outlook for fiscal 2025.
October 23, 2024 | 3:05 pm
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NEGATIVE IMPACT
Winnebago Industries reported Q4 earnings that missed expectations, with adjusted EPS of 28 cents vs. 89 cents expected. Sales slightly beat estimates, but gross profit and margins declined. The company faces headwinds in the RV industry, leading to a soft outlook for fiscal 2025.
The significant miss on earnings per share and the soft outlook for fiscal 2025 are likely to negatively impact investor sentiment. The RV industry headwinds and increased operating expenses further contribute to the negative short-term outlook for WGO.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100