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Stock impact report

Winnebago Predicts Stability Ahead After Sales Drop 8% [The Motley Fool]

Winnebago Industries, Inc (WGO)  More Company Research Source: The Motley Fool
Last winnebago industries, inc earnings: 3/25 07:00 am Check Earnings Report
PDF Winnebago Predicts Stability Ahead After Sales Drop 8% The RV market is going through some painful adjustments, but Winnebago sees trends improving in the coming months. Investors had low expectations heading into Winnebago 's ( NYSE:WGO ) fiscal second-quarter report, given weakening demand in the recreational vehicle industry. That trend contributed to a painful sales decline for rival Thor ( NASDAQ:THOR ) , which also endured slumping profits due to rising costs and excess inventory. Winnebago's latest results showed that the company wasn't immune to broader industry pressures. However, its results again outperformed its major RV rivals. The company also had some positive things to say to shareholders about its sales volume pace heading into the second half of its fiscal year . Let's dive right in. Winnebago posted an 8% sales decline, which was significantly worse than the 2% downtick investors had expected . Still, that result compares favorably to Thor's 35% slump. Winnebago be [Read more]
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