Latest news with #WinnebagoIndustries
Yahoo
2 days ago
- Automotive
- Yahoo
Winnebago Industries to Announce Third Quarter Fiscal 2025 Financial Results on June 25, 2025
EDEN PRAIRIE, Minn., June 10, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, plans to issue its third quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Wednesday, June 25, 2025. At 9:00 a.m. CT, the Company will conduct a conference call hosted by Michael Happe, President and Chief Executive Officer, and Bryan Hughes, Senior Vice President and Chief Financial Officer. You are invited to listen to the call via the 'Investors' section of the Company's website, The event will be archived and available for replay for up to one year. To access the replay, click on About Winnebago Industries Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company's common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit Contacts Investors: Ray Posadasir@ Media: Dan Sullivanmedia@ in to access your portfolio
Yahoo
7 days ago
- Automotive
- Yahoo
Winnebago Stock Sinks as RV Maker Reports Weak Preliminary Results
Shares of Winnebago Industries fell sharply Thursday after the recreational vehicle maker posted preliminary fiscal third-quarter results below analysts' estimates. Winnebago said it is "aggressively modifying production schedules and adjusting headcount" due to weak motor-home demand. Shares were down nearly 7% in recent trading and have lost over 30% of their value this of Winnebago Industries (WGO) fell sharply Thursday after the recreational vehicle maker posted preliminary fiscal third-quarter results below analysts' estimates and said it is "aggressively modifying production schedules and adjusting headcount" due to weak motor-home demand. In a press release issued ahead of the firm's participation at the Baird 2025 Global Consumer Technology & Services Conference, Winnebago said for the third quarter ended May 31, it "expects net revenues of approximately $775 million, reported earnings per diluted share in the range of $0.55 to $0.65, and adjusted diluted earnings per share in the range of $0.75 to $0.85." Analysts surveyed by Visible Alpha were expecting revenue of $799.6 million, earnings per share (EPS) of $1.16, and adjusted EPS of $1.28. "What began as an encouraging selling season in March was hampered by growing macroeconomic uncertainty, resulting in worsening consumer sentiment and an increasingly cautious dealer network in the final two months of our fiscal third quarter," CEO Michael Happe said. "In this environment, we have maintained our posture of vigilant inventory management to ensure that production is aligned with current market demand and the needs of our dealer partners." Because of "market pressures" felt most acutely in the Winnebago Motorhomes business, Happe said the company has "initiated a range of strategic actions for the remainder of fiscal 2025 to reduce costs and improve profitability over the coming 2026 fiscal year, including aggressively modifying production schedules and adjusting headcount." Winnebago Industries shares were down nearly 7% in recent trading and have lost over 30% of their value this year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Winnebago shares tumble following preliminary Q3 results
-- Winnebago Industries (NYSE:WGO) stock fell sharply by 10% after the company released its preliminary third quarter fiscal 2025 results, which did not meet analysts' expectations. The leading outdoor lifestyle product manufacturer announced ahead of the Baird 2025 Global Consumer Technology & Services Conference that for the quarter ended May 31, 2025, it expects net revenues of approximately $775 million, with reported earnings per diluted share in the range of $0.55 to $0.65 and adjusted diluted earnings per share between $0.75 and $0.85. Analyst consensus had anticipated a higher Q3 EPS of $1.37 on revenue of $810.4 million. Winnebago's President and CEO Michael Happe attributed the weaker-than-expected performance to growing macroeconomic uncertainties that dampened consumer sentiment and led to a cautious dealer network, particularly in the final two months of the quarter. Happe noted that market pressures were most pronounced in the Winnebago Motorhomes business unit, prompting the company to take significant steps to manage inventory, align production with market demand, and prepare for a stronger product offering in the future. Despite the challenges in the motorhomes unit, Happe highlighted positive developments in other areas of the business. He pointed out that Grand Design Towables is gaining market share in the travel trailer segment, and the launch of the Grand Design Lineage series motorhome products is generating strong dealer and consumer demand. Furthermore, Newmar's Class A diesel market share has surpassed 30%, and the expansion of its product line-up is expected to bode well for the future. Additionally, the marine segment, including Barletta premium pontoons and Chris-Craft luxury runabouts, continues to see retail market share gains. Winnebago plans to update its full-year fiscal 2025 outlook during its third quarter fiscal 2025 financial results conference call scheduled for June 25, 2025. The company's leadership remains focused on managing the business proactively to generate profitable growth over the long term, despite the near-term challenges. Related articles Winnebago shares tumble following preliminary Q3 results Tokyo CPI steady in May, core inflation rises past expectations to over 2-yr high Japan CPI grows more than expected in April as wage hikes boost spending Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Automotive
- Yahoo
Winnebago Industries, Inc. (WGO): One of the Underperforming Stocks Targeted By Short Sellers
We recently published a list of . In this article, we are going to take a look at where Winnebago Industries, Inc. (NYSE:WGO) stands against other underperforming stocks targeted by short sellers. Short interest refers to the percentage of publicly available shares that have been sold short. It is an indicator used by many investors to determine how strong a company's bear thesis may be. Due to the nature of short selling, the short interest has become a popular indicator among investors. The reason it is given so much weightage is that people betting against a stock have usually done solid research and are confident of a company's downfall. They take unlimited risk, so when big investors or the smart money shorts a stock, people take notice. They try to unearth the red flags that may have prompted the high short interest. We decided to dig deeper and try to find out where smart money sees trouble ahead. To come up with our list of 20 underperforming stocks targeted by short sellers, we looked at the worst-performing stocks of the last six months and then ranked them by the short interest. A motorhome parked in view of a mountain range, reflecting the joy of the open road. Short interest: 15.49% 6 months' performance: -41.12% Winnebago Industries, Inc. (NYSE:WGO) operates as a manufacturer and seller of marine products and recreation vehicles. It operates in Motorhome RV, Towable RV, and Marine segments. The company offers towable products, motorhome RVs, mobile office spaces, other specialty commercial vehicles, and various other products. Winnebago Industries (NYSE:WGO) delivered poor performance in the first quarter of fiscal year 2025. Revenue came in lower than estimates, declining by 18% year-over-year. This revenue decline was driven by lower prices to boost consumer demand and decreasing volumes sold in the RV category. Regardless of sluggish sales in Q1, Winnebago Industries (NYSE:WGO) maintained its full-year guidance. This is because the business is highly seasonal and less profitable at this time of year. To decrease overhead expenses, Winnebago is cutting its production volume. The company is also consolidating production facilities for Class B RVs. This move is projected to increase long-term earnings. However, it may create short-term challenges for the company, which explains the high short interest. Overall, WGO ranks 13th on our list of underperforming stocks targeted by short sellers. While we acknowledge the potential of WGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WGO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
13-05-2025
- Business
- Yahoo
Winnebago Industries Named One of America's Most Trustworthy Companies by Newsweek for 2025
EDEN PRAIRIE, Minn., May 13, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries (NYSE: WGO) has been recognized by Newsweek as one of America's Most Trustworthy Companies for 2025. This marks the second consecutive year that Winnebago Industries has earned this distinction, reinforcing the company's commitment to integrity, quality, and customer trust. The Newsweek rankings are based on an independent survey of more than 25,000 U.S. consumers, assessing companies on key pillars of trust: customer trust, employee trust and investor trust. 'At Winnebago Industries, we believe that trust is built through unwavering dedication to our employees, customers and communities,' said President and CEO, Michael Happe. 'We are proud to again be recognized as one of the America's most trustworthy companies. This recognition reflects our continued focus on delivering high-quality products, fostering a strong workplace culture, and acting as a strong corporate partner with our key stakeholders.' At Winnebago Industries, trust is more than earned – it's built in the company's DNA. From a culture rooted in innovation and quality craftmanship to a focus on excellence and community impact, Winnebago Industries is guided by a set of core values: Do the Right Thing – Winnebago Industries operates with a long-term view, committed to responsible growth that benefit shareholders, communities, and future generations. Environmental stewardship and ethical governance play a significant role in the company's forward momentum as well as a focus on operating with integrity and accountability. Put People First – The communities where it operates and the stakeholders the company serves are at the center of everything the company does. Winnebago Industries invests in workforce development and safety, belonging and access programs, and supports numerous local initiatives. Leadership believes a value-driven culture leads to a stronger, more resilient organization. Be the Best – With an eye on quality, design and user experience, Winnebago Industries continually pushes the boundaries of what outdoor travel can look and feel like. Whether it's advanced battery systems and power solutions or more accessible RV layouts, innovation is customer-centric and achieving winning results is the company's North star. In addition to being named one of 'America's Most Trustworthy Companies,' Winnebago Industries was also named one of Newsweek's 'Most Responsible Companies in America for 2025.' The company's sixth-annual Corporate Responsibility Report showcases its progress in environmental sustainability, ethical business conduct and community impact. About Winnebago IndustriesWinnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota, and Florida. The Company's common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit Media Contact: Daniel Sullivan media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
