Winnebago Industries Q4 Results Miss Estimates, Stock Dips On Soft Outlook

Winnebago Industries, Inc. (NYSE:WGO) shares are trading lower on Wednesday after the company reported fourth-quarter results.

The company reported adjusted earnings per share of 28 cents, missing the street view of 89 cents. Quarterly sales of $720.9 million outpaced the analyst consensus of $719.14 million.

Gross profit was $94.2 million, a decrease of 26.1% year over year. Gross profit margin decreased 340 basis points to 13.1%, reflecting higher warranty expenses, operational challenges, and deleverage.

“Winnebago Industries’ fourth quarter performance fell short of our expectations, primarily reflecting the sluggish retail demand environment and operating inefficiencies within our Winnebago branded businesses,” said Michael Happe, the Company’s President and Chief Executive Officer.

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