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Nov 30, 2024
Winnebago Q1 2025 Earnings Report
Winnebago's Q1 2025 performance reflected a challenging outdoor recreation market, with strategic focus on cost management and targeted investments.
Key Takeaways
Winnebago Industries reported first quarter fiscal 2025 results with revenues of $625.6 million, a net loss per diluted share of $0.18, and an adjusted net loss per diluted share of $0.03. The company is reaffirming its expectation for consolidated revenues in the range of $2.9 billion to $3.2 billion.
Revenues decreased by 18.0% to $625.6 million due to lower unit volume and product mix changes.
Net loss was $5.2 million, with a reported net loss per diluted share of $0.18.
Marine segment revenues increased by 3.6% year-over-year, driven by price increases and higher unit volume.
The company repurchased $30 million of shares during the quarter.
Winnebago
Winnebago
Winnebago Revenue by Segment
Revenue by Segment
Towable RV Revenue
CapyFin.comMotorhome RV Revenue
CapyFin.comMarine Revenue
CapyFin.com Forward Guidance
For fiscal 2025, Winnebago Industries is reaffirming its expectation for consolidated revenues in the range of $2.9 billion to $3.2 billion. The Company now expects reported earnings per diluted share of $2.50 to $3.80, compared with the prior range of $2.40 to $3.90 per diluted share, and adjusted earnings per share of $3.10 to $4.40.
Positive Outlook
- remains confident in its fiscal 2025 guidance
- prepared to capitalize on the anticipated rise in demand as the RV and marine markets enter the spring selling season
- robust lineup of new products
- healthy channel relationships
- strong financial foundation
Challenges Ahead
- typical seasonality and challenging market conditions
- competitive dynamics
- shifts in consumer preferences
- key macroeconomic factors that may influence overall demand
- prevailing trends in the RV sector
Revenue & Expenses
Visualization of income flow from segment revenue to net income