Core Viewpoint - Winnebago Industries reported quarterly earnings of $1.13 per share, missing the Zacks Consensus Estimate of $1.30 per share, and down from $2.13 per share a year ago [1] Financial Performance - The company posted revenues of $786 million for the quarter, missing the Zacks Consensus Estimate by 1.75%, and down from $900.8 million year-over-year [8] - The earnings surprise for the quarter was -13.08%, while a quarter ago, the company had a positive surprise of 8.14% [7] - Over the last four quarters, Winnebago has surpassed consensus EPS estimates two times [2] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $1.67 on revenues of $836.1 million, and for the current fiscal year, it is $5.02 on revenues of $3.1 billion [5] - The trend for estimate revisions ahead of the earnings release was unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [11] Market Performance - Winnebago shares have declined approximately 22.2% since the beginning of the year, contrasting with the S&P 500's gain of 15% [9] - The company's performance is influenced by the overall industry outlook, with the Building Products - Mobile Homes and RV Builders sector currently in the bottom 10% of Zacks industries [12]

-- Barletta Accelerates its Share Momentum in the U.S. Aluminum Pontoon Market Achieving Double Digit Market Share in the Most Recent Three- and Six-Month Periods -- (1) -- Company Returns $87.8 Million to Shareholders Through Share Repurchases and Dividends Through the First Nine Months of Fiscal 2024 -- Exhibit 99.1 News Release WINNEBAGO INDUSTRIES REPORTS THIRD QUARTER FISCAL 2024 RESULTS -- Resilient Profitability, Supported by Solid Sequential Improvement in Towable RV and Marine Segments -- EDEN PRAI ...

Earnings per common share: Basic $ 0.99 $ 1.95 Diluted $ 0.96 $ 1.71 Weighted average common shares outstanding: Basic 29.2 30.4 Diluted 30.4 35.4 | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------|--------------|-------|-------|--------------|-------|-------| | | | | | | | | | (in millions, except percent and per share data) | May 25, 2024 | | | May 27, 2023 | | | | Net revenues | $ 2,252.6 | 100.0 | % | $ 2,719.7 | 100.0 | % | | Cost of goods sold | 1,913.3 | 8 ...

EDEN PRAIRIE, Minn., June 20, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today reported financial results for the Company's fiscal 2024 third quarter ended May 25, 2024. Revenues of $786.0 million Gross profit of $118.2 million, representing 15.0% gross margin Diluted earnings per share of $0.96; adjusted diluted earnings per share of $1.13 Adjusted EBITDA of $58.0 million, representing 7.4% adjusted EBITDA margin Cash and cash equivale ...

Over the last 30 days, there has been a downward revision of 7.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. That said, let's delve into the average estimates of some Winnebago metrics that Wall Street analysts commonly model and monitor. According to the collective judgment of analysts, 'Net Revenues- Corporate / All Other' should come in at $13.63 ...

Core Viewpoint - Winnebago Industries is expected to report a significant year-over-year decline in earnings and revenues, with analysts showing mixed sentiments regarding its earnings prospects ahead of the upcoming earnings release on June 20, 2024 [17][8]. Earnings Expectations - The consensus EPS estimate for Winnebago for the upcoming quarter is $1.30 per share, reflecting a year-over-year decrease of 39% [15]. - Revenues are projected to be $800.03 million, which is an 11.2% decline from the same quarter last year [8]. Earnings Surprise Prediction - Winnebago has an Earnings ESP of +7.45%, indicating that analysts have recently become more optimistic about the company's earnings prospects [25]. - The company has beaten consensus EPS estimates three out of the last four quarters, suggesting some potential for positive surprises [21]. Estimate Revisions - The consensus EPS estimate has been revised down by 7.51% over the last 30 days, indicating a reassessment by covering analysts [23]. - The Most Accurate Estimate for Winnebago is higher than the Zacks Consensus Estimate, which may reflect improved analyst sentiment [24]. Zacks Rank and Predictive Power - Winnebago currently holds a Zacks Rank of 4, which suggests a less favorable outlook for the stock [4]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a higher Zacks Rank [19]. However, the current Zacks Rank makes it challenging to predict a beat conclusively [20].

Core Viewpoint - Winnebago Industries, Inc. is set to release its earnings for the third quarter of fiscal 2024 on June 20, 2024, before market opening, followed by a conference call to discuss the results [1]. Group 1: Earnings Release and Conference Call - The earnings release for the third quarter fiscal 2024 will be issued before the market opens on June 20, 2024 [1]. - A conference call to discuss the financial results will take place on June 20 at 9 a.m. CT [1]. Group 2: Access to Information - Interested parties can listen to the conference call live via the company's website, and the event will be archived for replay for up to one year [2]. Group 3: Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and powerboats, under various brands [3]. - The company is committed to sustainable innovation and vertical integration, operating multiple facilities across several states [3]. - Winnebago Industries is publicly traded on the New York Stock Exchange under the symbol WGO [3].

Core Insights - A recent survey by Winnebago Industries indicates a growing trend among Americans towards outdoor activities for health and happiness, with 71% of respondents acknowledging the health benefits of outdoor activities, marking a 3% increase from 2023 [1][3] Participation Trends - Outdoor participation has risen significantly, with 89% of respondents engaging in activities like camping, hiking, and boating in 2023, reflecting a 29% increase since 2020 [2] - Looking ahead to 2024, 86% of respondents plan to either increase or maintain their outdoor activity levels, and 95% intend to participate in outdoor activities this summer [4] Camping and RVing Insights - For 2024, 37% of respondents plan to go camping, which is a 2% increase from the previous year, while 11% plan to take RV trips, remaining steady from last year [5] Benefits of Outdoor Activities - The survey highlights that outdoor activities are linked to improved physical and mental health, with respondents citing benefits such as reduced stress and enhanced feelings of freedom and personal growth [3][5] Youth Engagement - Engaging younger generations in outdoor activities is crucial, as 69% of respondents believe these activities can help reduce screen time. However, only 45% of Gen Z feel comfortable outdoors compared to 62% of millennials [6][7] Company Overview - Winnebago Industries is a leading manufacturer of outdoor recreation products, including motorhomes and powerboats, and is committed to sustainable innovation and vertical integration [8]

Contacts EDEN PRAIRIE, Minn., May 15, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today announced that the company's Board of Directors approved a quarterly cash dividend of $0.31 per share payable on June 26, 2024, to common stockholders of record at the close of business on June 12, 2024. With this announcement, Winnebago Industries has paid a quarterly cash dividend to common stockholders of record for the last 40 quarters. "This divid ...

Core Insights - Grand Design RV, a subsidiary of Winnebago Industries, is launching the Lineage Class C motorhome and promoting it through a unique glamping experience in New York City [1][4][7] Group 1: Event and Promotion - The company is hosting a contest for a grand prize winner to enjoy a glamping weekend in NYC, including a chance to explore the new Lineage motorhome [2][3] - The event will take place on June 22, 2024, featuring camping-inspired activities and local music, aimed at showcasing the Lineage motorhome [3][4] - Contestants can enter the sweepstakes online from May 15 to June 6, 2024, by sharing their reasons for wanting to experience glamping [5][6] Group 2: Product Launch - The Lineage Class C motorhome is positioned as a new innovation in Grand Design's product lineup, expected to launch in July 2024 [7] - The introduction of Lineage aims to extend Grand Design's reputation for quality and service to a new customer base in the motorized segment [7] Group 3: Company Background - Grand Design RV has rapidly grown since its founding in 2012, becoming one of the fastest-growing RV brands in history, known for high-quality products [8] - Winnebago Industries, the parent company, is a leading manufacturer of outdoor recreation products, emphasizing sustainable innovation and vertical integration [9]