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Oct 31, 2022
Thor Q1 2023 Earnings Report
THOR Industries reported a decrease in net sales and earnings due to macroeconomic headwinds impacting consumers and dealers.
Key Takeaways
THOR Industries announced its Q1 fiscal year 2023 results, with net sales of $3.11 billion and net income of $136.2 million. The company is facing macroeconomic headwinds, but remains confident in its ability to navigate the challenges.
Net sales were $3.11 billion, compared to $3.96 billion in the first quarter of fiscal 2022.
Gross profit margin was 15.7%, a decrease of 90 basis points compared to the prior-year period.
Net income attributable to THOR Industries was $136.2 million, or $2.53 per share.
The company generated $94.0 million in cash flow from operations.
Forward Guidance
The company expects fiscal 2023 to be a dynamic and challenging operating environment. They expect North American retail to slightly outpace North American wholesale shipments as independent dealers adjust the level of stocking to reflect current conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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