NYSE$WGO

Winnebago Industries Inc. · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Winnebago's Q4 performance fell short of expectations due to sluggish retail demand and operational inefficiencies.

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.

Headline financials

Total Revenue

$721M

Previous: $771M-6.5%
EPS (adj)

$0.28

Previous: $1.59-82.4%
Capital Expenditures

-$11.2M

Previous: $15.2M-173.7%
Free Cash Flow

$29.5M

Previous: $123M-76.0%
Net Income

-$29.1M

Previous: $43.8M-166.4%
Operating Income

-$17.8M

Previous: $57.5M-131.0%
Gross Profit

$94.2M

Previous: $128M-26.1%
Stock-Based Comp

$3.1M

Previous: $2.7M+14.8%

Revenue & EPS history

Winnebago · Revenue · Quarterly

$721M

Q4 2024-6.5%vs Q4 2023
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Winnebago · $688M total across 3 segments · Q3 2026

  • Motorhome RV
    $321M
  • Towable RV
    $275M
  • Marine
    $92.4M

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.

Tailwinds

  • 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

Headwinds

  • 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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+5.2%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+28.9%

Q2 2020

Best reaction

-16.3%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026-7.2%-5.0%
Q1 2026+8.2%+5.6%+18.5%
Q4 2025+28.7%+30.3%+10.0%
Q3 2025-5.5%-8.6%+6.0%
Q2 2025+8.1%-0.7%-5.8%
Q1 2025-7.6%-7.8%-8.0%
Q4 2024-10.0%-4.2%+1.6%
Q3 2024-4.8%-8.5%+0.2%
Q2 2024+7.0%+8.1%-4.5%
Q1 2024-3.8%-3.9%-10.1%
Q4 2023-2.3%-1.6%+12.5%
Q3 2023-5.6%-3.6%+3.7%
Q2 2023-3.9%-3.9%+1.4%
Q1 2023-4.7%-3.8%+9.9%
Q4 2022-11.0%-4.7%-5.0%
Q3 2022+10.2%+14.2%+28.7%
Q2 2022-10.0%-15.4%-11.3%
Q1 2022-3.4%+2.2%+11.4%
Q4 2021-4.9%-8.6%-0.1%
Q3 2021+0.8%+2.6%+3.3%
Q2 2021-4.2%-5.3%+0.4%
Q1 2021+8.2%+9.2%+10.2%
Q4 2020-10.4%-15.2%-12.0%
Q3 2020-3.5%-6.0%-12.6%
Q2 2020+28.9%+23.6%+64.4%
Q1 2020+10.7%+9.6%+15.5%
Q4 2019+17.0%+20.3%+13.1%
Q3 2019+3.5%-0.6%+2.0%
Q2 2019-0.8%+7.0%+25.0%
Q1 2019+15.4%+12.4%+53.4%
Q4 2018-8.3%-11.8%-19.4%
Q3 2018+15.0%+6.6%+3.3%
Q2 2018-12.7%-18.0%-19.7%
Q1 2018-1.9%-1.7%-7.7%
Q4 2017+7.5%+6.5%+11.5%
Q3 2017+15.7%+20.0%+18.8%
Q2 2017+7.0%+8.1%-5.6%
Q1 2017-12.2%-11.2%-15.2%
Q4 2016+1.6%+1.4%+10.0%
Q3 2016+7.1%+1.2%+5.8%
Q2 2016+4.7%
Q1 2016-11.1%
Q4 2015-0.4%
Q3 2015+18.2%
Q2 2015-11.6%
Q1 2015-11.0%
Q4 2014-3.0%
Q3 2014+2.1%
Q2 2014+1.6%
Q1 2014-16.3%
Q4 2013+7.9%
Q3 2013+0.1%
Q2 2013-5.8%
Q1 2013+16.7%
Q4 2010-1.8%
Q4 2012-8.0%
Q3 2011+6.1%
Q3 2012+6.1%
Q2 2011+3.5%
Q2 2012+3.5%
Q1 2012+1.7%
Q4 2011+1.7%
Q1 2011+1.7%
Q3 2010-1.4%
Q2 2010-0.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro