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Stock impact report

Why Thor Industries Stock Drove Into a Ditch Today [Yahoo! Finance]

Thor Industries, Inc. (THO) 
Last thor industries, inc. earnings: 3/9 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.thorindustries.com/home/default.aspx
Company Research Source: Yahoo! Finance
Shares of Thor were down 13% as of 2 p.m. ET Wednesday after the manufacturer missed expectations and lowered full-year guidance. Higher rates lead to inventory cuts Thor is the world's largest RV manufacturer, owner of brands including Airstream, Dutchmen, and Thor Motor Coach. The company earned $0.13 per share in its fiscal second quarter ending Jan. 31 on revenue of $2.21 billion, falling short of Wall Street's consensus forecast for $0.67 per share in earnings on $2.27 billion in sales. Net income was $7.2 million, down from $27.1 million a year ago. But that figure includes a $14.7 million charge related to the company's debt refinancing efforts that does not appear to have been factored into the per-share estimates. Even without the charge, net income was down year over year and revenue fell 6% from the same three months of fiscal 2023. CEO Bob Martin in a statement said the quarter "presented a challenging operating environment as seasonally lower retail demand and cau Show less Read more
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