The earnings call presented a mixed outlook, with the Marine segment showing strong performance and market share gains, particularly with Barletta and Chris-Craft. However, the RV segments faced significant challenges, including revenue declines, increased warranty expenses, and competitive pressures. Despite these challenges, there is optimism for demand recovery later in the fiscal year, supported by improving consumer confidence and strategic product introductions.

Company Guidance

In the Q1 2025 earnings call for Winnebago Industries (WGO), the executives provided guidance emphasizing a cautious but optimistic outlook for the fiscal year. They reaffirmed their fiscal year 2025 revenue expectations in the range of $2.9 billion to $3.2 billion and adjusted EPS guidance between $3.10 and $4.40 per diluted share, maintaining the midpoint at $3.75. The company anticipates RV wholesale shipments for calendar year 2025 to be between 320,000 and 350,000 units, with a median expectation of 335,000 units, slightly below the RV Industry Association's forecast. Despite a challenging start, with Q1 revenues down 18% and a net debt-to-EBITDA ratio of approximately 3x, the management expects improved demand and profitability in the latter half of the year, driven by strategic investments, operational efficiencies, and a proactive approach to production and cost management. The Marine segment stood out as a strong performer, with positive revenue and margin growth, while the RV segments experienced pressures due to soft retail demand and a cautious dealer network.

Marine Segment Performance

The Marine segment delivered revenue and margin growth sequentially and year-over-year, with Barletta and Chris-Craft brands generating retail market share growth through October, outperforming the industry.

RV Industry Retail Improvement

October saw a 2.4% year-over-year increase in industry-wide RV shipments, marking the first positive retail comps after 40 months of declines.

Grand Design Motorized Lineup Expansion

Grand Design announced the addition of a Class Super C Motorhome to its Lineage product lineup, with a debut scheduled at the 2025 Florida RV Super Show.

Barletta Market Share Gains

Barletta's market share in the U.S. aluminum pontoon market increased by 180 basis points to 9.1% over the 12 months ending October 31, 2024.

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Winnebago Industries (WGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 17, 2018	2018 (Q4)	- / 0.94	0.797	17.94% (+0.14)	―	―
Dec 19, 2018	2019 (Q1)	- / 0.70	0.572	22.38% (+0.13)	―	―
Mar 25, 2019	2019 (Q2)	- / 0.68	0.69	-1.45% (>-0.01)	―	―
Jun 19, 2019	2019 (Q3)	- / 1.14	1.02	11.76% (+0.12)	―	―
Oct 23, 2019	2019 (Q4)	- / 1.03	0.94	9.57% (+0.09)	―	―
Dec 20, 2019	2020 (Q1)	- / 0.73	0.7	4.29% (+0.03)	―	―
Mar 25, 2020	2020 (Q2)	- / 0.67	0.68	-1.47% (-0.01)	―	―
Jun 24, 2020	2020 (Q3)	- / -0.26	1.14	-122.81% (-1.40)	―	―
Oct 21, 2020	2020 (Q4)	- / 1.45	1.03	40.78% (+0.42)	―	―
Dec 18, 2020	2021 (Q1)	- / 1.69	0.73	131.51% (+0.96)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 20, 2024	$51.93	$49.98	-3.76%
Oct 23, 2024	$58.02	$51.78	-10.75%
Jun 20, 2024	$56.35	$54.35	-3.55%
Mar 21, 2024	$64.43	$68.42	+6.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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