Thor Industries, Inc. (NYSE:THO) shares are trading lower on Tuesday.
The company reported fourth-quarter earnings per share of $1.68, beating the street view of $1.43. Quarterly sales of $2.534 billion (down 7.4%) outpaced the analyst consensus of $2.471 billion.
North American Towable RV net sales were up 0.1% for the fourth quarter, North American Motorized RV net sales decreased 21.2%, and European RV net sales decreased 7.4% on a year over year basis. Quarterly gross profit margin expanded by 140 basis points to 15.8%.
“We realized strong margin performance relative ...
