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Aug 29, 2020
Winnebago Q4 2020 Earnings Report
Reported strong fourth quarter and full year fiscal 2020 results, driven by strong end consumer demand and RV market share gains.
Key Takeaways
Winnebago Industries reported a strong fourth quarter in fiscal 2020, with revenues up 39.1% year-over-year. The company saw gains in RV market share and gross margin expansion of 90 basis points. Diluted EPS was reported at $1.25, with adjusted EPS up 45.0% over the prior year.
RV Market Share Gains Continue
Quarterly Revenues Up 39.1% Year-Over-Year, Driven by Strong End Consumer Demand
Fourth Quarter Gross Margin Expansion of 90 Basis Points
Reported Quarterly Diluted EPS of $1.25; Adjusted EPS of $1.45 Up 45.0% Over Prior Year
Forward Guidance
Winnebago Industries is encouraged by the ongoing outdoor recreation demand trends and is committed to managing the company in a highly disciplined fashion to build on momentum, capture opportunities, and deliver value to customers and communities.
Positive Outlook
- Ongoing outdoor recreation demand trends
- Strong and growing position in the RV market
- Customers view brands as a trusted and safe way to have extraordinary experiences
- Expanded Winnebago Industries' portfolio
- Enhanced quality of product lineup and service levels
Challenges Ahead
- Ongoing uncertainty in the environment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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