Thor falls after quarterly results and guidance amid mixed economic enviroment

Shares of recreational vehicles maker Thor Industries (THO) are down $1.67 in after-market trading on Monday after the company forecasted FY24 EPS of $6.25 to $7.25 on revenue of $10.5B to $11B. Analysts were modeling EPS of $7.12 on revenue of $10.81B. A company officer noted in the release that, “Despite mixed economic data and consumer trends that are expected to continue into fiscal 2024, our experienced operating management teams and proven business model continue to give us an advantage in navigating uncertainty.” …”We continue to invest in automation projects that enhance product quality and drive labor efficiencies without sacrificing our variable cost model. Additionally, we continue to pursue and build out supply and aftermarket strategies aimed at improving the experience for the end consumer. Lastly, through strong strategic partnerships and organic R&D, we continue to take a thoughtful approach to investing in innovation to ensure we stay ahead of the industry and consumer demand. Overall, we are focused on leveraging our global scale as the worldwide RV market leader to support our long-term growth strategies, and we remain committed to achieving our fiscal 2027 financial targets,” concluded Todd Woelfer, Senior Vice President and Chief Operating Officer. Other companies in the Consumer Cyclical space include: Winnebago (WGO), LCI Industries (LCII), Polaris (PII)Malibu Boats (MBUU) and Camping World (CWH).