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Aug 31, 2024
Winnebago Q4 2024 Earnings Report
Winnebago's Q4 performance fell short of expectations due to sluggish retail demand and operational inefficiencies.
Key Takeaways
Winnebago Industries reported a decrease in revenues to $720.9 million and a net loss of $29.1 million for the fourth quarter of fiscal year 2024. The results were impacted by a sluggish retail demand environment and operating inefficiencies.
Revenues decreased by 6.5% to $720.9 million.
Net loss was $29.1 million, or $1.01 per diluted share.
Adjusted earnings per diluted share decreased by 80.1% to $0.28.
Gross profit decreased by 26.1% to $94.2 million.
Winnebago
Winnebago
Winnebago Revenue by Segment
Revenue by Segment
Marine Revenue
CapyFin.com Forward Guidance
For calendar year 2025, Winnebago Industries anticipates total North American RV wholesale shipments in the range of 320,000 to 350,000 units. The Company expects Fiscal 2025 consolidated revenues in the range of $2.9 billion to $3.2 billion, reported earnings per diluted share of $2.40 to $3.90 and adjusted earnings per diluted share of $3.00 to $4.50.
Positive Outlook
- Easing of interest rates is expected to bolster consumer demand as we move into the second half of the 2025 calendar year
- Strong market potential of our latest product innovations
- Managing capacity, output, and cost in a highly disciplined manner
- Focused on leveraging our strengths, optimizing our product mix
- Maintaining operational flexibility to capitalize on opportunities that position our portfolio of premium brands to gain share as market conditions improve
Challenges Ahead
- Near-term visibility remains limited due to the potential for further economic instability
- Likelihood of continued industry-wide destocking within the motorhome RV category
- Uncertain retail conditions
- Higher inventory carrying costs
- Slightly elevated inventories in the motorhome segment