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Nov 27, 2021
Winnebago Q1 2022 Earnings Report
Reported record revenues, gross margin, and EPS driven by strong consumer demand and strategic acquisitions.
Key Takeaways
Winnebago Industries reported a record first quarter for fiscal year 2022, with revenues of $1.2 billion, a 46% increase year-over-year. The company's gross margin reached a record 19.8%, and adjusted EPS rose by 97% to $3.51. Market share gains continued, and the new Marine segment contributed significantly to growth.
Revenues reached a record $1.2 billion, up 46% from the prior year, including 38% organic growth.
Gross margin increased to a record 19.8%, driven by operating leverage, price increases, and favorable segment mix.
Adjusted EPS increased by 97% year-over-year to $3.51.
RV market share increased by 1.3 percentage points to 13.3%.
Revenue by Segment
Forward Guidance
Winnebago anticipates demand for their brands to remain elevated, driven by a focus on quality, innovation, and service.
Positive Outlook
- Demand for brands expected to remain elevated.
- Focus on quality.
- Focus on innovation.
- Focus on service.
- Executing proven strategy.
Challenges Ahead
- Uncertainty surrounding the COVID-19 pandemic
- General economic uncertainty in key markets
- Worsening of domestic economic conditions or low levels of economic growth
- Availability of financing for RV and marine dealers
- Ability to manage inventory to meet demand
Historical Earnings Impact
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Avg. Return Before/After Earnings
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