MIDDLEBURY, Ind., April 10, 2024 (GLOBE NEWSWIRE) -- Grand Design RV has announced that their highly anticipated entrance into the motorized category will start with a class C motorhome under the brand name Lineage with an anticipated launch in July. This is the first motorized RV product from Grand Design. "The Lineage name recognizes that the brand is an extension of our strong Grand Design foundation while simultaneously representing what is passed forward over time. It recognizes our relentless commitme ...

EDEN PRAIRIE, Minn., April 03, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries (NYSE:WGO), a leading outdoor recreation product manufacturer, has been named by Newsweek to its 2024 Most Trustworthy Companies in America list. The respected ranking focuses on a holistic view of trust that considers three pillars: customer trust, employee trust, and investor trust. Newsweek's Most Trustworthy Companies list recognizes the top 700 companies in the United States, with a revenue of over $500 million, spanning 23 in ...

Winnebago Industries, Inc. (NYSE:WGO) Q2 2024 Earnings Call Transcript March 21, 2024 10:00 AM ET Company Participants Ray Posadas - VP of IR and Market Intelligence Michael Happe - President and CEO Bryan Hughes - SVP and CFO Conference Call Participants Scott Stember - Roth-MKM Tristan Thomas-Martin - BMO Capital markets Craig Kennison - Baird James Hardiman - Citi Bret Jordan - Jefferies Fred Wightman - Wolfe Research Michael Swartz - Truist Securities Joe Altobello - Raymond James Brandon Rolle - DA Dav ...

PART I. FINANCIAL INFORMATION [Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) Consolidated financial statements for the period ended February 24, 2024, show significant declines in revenues, profitability, and operating cash flow [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Q2 FY2024 saw a net loss and H1 net income declined significantly due to decreased revenues and a note repurchase loss Consolidated Income Statement Highlights (YoY) | Financial Metric (in millions, except EPS) | Three Months Ended Feb 24, 2024 | Three Months Ended Feb 25, 2023 | Change (%) | | :--- | :--- | :--- | :--- | | Net Revenues | $703.6 | $866.7 | -18.8% | | Gross Profit | $105.3 | $146.8 | -28.3% | | Operating Income | $35.4 | $76.8 | -53.8% | | Net (Loss) Income | $(12.7) | $52.8 | NM | | Diluted (Loss) Earnings Per Share | $(0.43) | $1.52 | NM | | Financial Metric (in millions, except EPS) | Six Months Ended Feb 24, 2024 | Six Months Ended Feb 25, 2023 | Change (%) | | :--- | :--- | :--- | :--- | | Net Revenues | $1,466.6 | $1,818.9 | -19.4% | | Gross Profit | $221.1 | $307.2 | -28.0% | | Operating Income | $74.5 | $162.7 | -54.2% | | Net Income | $13.1 | $113.0 | -88.4% | | Diluted Earnings Per Share | $0.44 | $3.25 | -86.5% | - A loss on note repurchase of **$32.7 million** was recorded in the second quarter of fiscal 2024, significantly impacting pre-tax and net income[7](index=7&type=chunk) [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of February 24, 2024, total assets remained stable, while liabilities increased, reducing shareholders' equity Key Balance Sheet Items (in millions) | Balance Sheet Item | Feb 24, 2024 (Unaudited) | Aug 26, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $265.7 | $309.9 | | Inventories, net | $465.8 | $470.6 | | Total current assets | $1,002.2 | $996.7 | | Total assets | $2,433.9 | $2,432.4 | | Long-term debt, net | $694.8 | $592.4 | | Total liabilities | $1,109.3 | $1,064.3 | | Total shareholders' equity | $1,324.6 | $1,368.1 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities significantly decreased for the six months ended February 24, 2024, primarily due to lower net income Cash Flow Summary (Six Months Ended, in millions) | Cash Flow Activity | Feb 24, 2024 | Feb 25, 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $3.8 | $16.8 | | Net cash used in investing activities | $(25.5) | $(48.6) | | Net cash used in financing activities | $(22.5) | $(21.1) | | Net decrease in cash and cash equivalents | $(44.2) | $(52.9) | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail segment performance, debt refinancing, and revenue disaggregation, highlighting declines across all segments and a note repurchase loss - The company's reportable segments are Towable RV, Motorhome RV, and Marine, with Corporate / All Other including specialty vehicles and the Lithionics battery business[28](index=28&type=chunk)[29](index=29&type=chunk) - In January 2024, the company issued **$350.0 million** of **3.25% Convertible Notes due 2030** and repurchased **$240.7 million** of its 2025 Convertible Notes, incurring a **$32.7 million** loss on the repurchase[59](index=59&type=chunk)[77](index=77&type=chunk) - The effective tax rate for Q2 FY2024 was **(126.1)%**, compared to **24.3%** in Q2 FY2023, primarily due to the non-deductible loss on the note repurchase[94](index=94&type=chunk) - The total contingent liability under dealer repurchase agreements increased to approximately **$2.04 billion** at February 24, 2024, from **$1.82 billion** at August 26, 2023[86](index=86&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes financial performance decline to challenging macroeconomic conditions impacting all segments, while maintaining strong liquidity [Overview and Known Trends](index=25&type=section&id=Overview%20and%20Known%20Trends) The company's business faces challenges from macroeconomic factors like inflation and high interest rates, impacting consumer spending and dealer inventory - Business is challenged by macroeconomic conditions (inflation, high interest rates) impacting consumer spending and dealer inventory management[103](index=103&type=chunk) - These trends resulted in decreased sales from lower unit volumes in the first six months of Fiscal 2024[103](index=103&type=chunk) - Management believes in the long-term health of consumer demand for RV and marine products despite current economic uncertainty[104](index=104&type=chunk) [Results of Operations - Q2 FY2024 vs Q2 FY2023](index=26&type=section&id=Results%20of%20Operations%20-%20Q2%20FY2024%20vs%20Q2%20FY2023) Q2 FY2024 saw consolidated net revenues decrease **18.8%**, gross profit margin contract, and a net loss due to a significant note repurchase loss Consolidated Performance Summary - Q2 FY2024 (in millions) | Metric | Q2 FY2024 | Q2 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Net revenues | $703.6 | $866.7 | (18.8)% | | Gross profit | $105.3 | $146.8 | (28.3)% | | Operating income | $35.4 | $76.8 | (53.8)% | | Net (loss) income | $(12.7) | $52.8 | NM | | Adjusted EBITDA | $49.8 | $88.4 | (43.7)% | [Results of Operations - H1 FY2024 vs H1 FY2023](index=29&type=section&id=Results%20of%20Operations%20-%20H1%20FY2024%20vs%20H1%20FY2023) H1 FY2024 net revenues fell **19.4%**, gross profit margin decreased, and net income plummeted **88.4%** due to lower sales and the note repurchase loss Consolidated Performance Summary - H1 FY2024 (in millions) | Metric | H1 FY2024 | H1 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Net revenues | $1,466.6 | $1,818.9 | (19.4)% | | Gross profit | $221.1 | $307.2 | (28.0)% | | Operating income | $74.5 | $162.7 | (54.2)% | | Net income | $13.1 | $113.0 | (88.4)% | | Adjusted EBITDA | $103.9 | $185.4 | (44.0)% | [Reportable Segment Performance](index=27&type=section&id=Reportable%20Segment%20Performance) All segments reported significant declines in revenue and profitability for Q2 and H1 FY2024, driven by lower unit deliveries and pricing pressures Q2 FY2024 Segment Performance (YoY, in millions) | Segment | Net Revenues | % Change | Adjusted EBITDA | % Change | | :--- | :--- | :--- | :--- | :--- | | Towable RV | $284.7 | (16.9)% | $26.8 | (31.8)% | | Motorhome RV | $338.4 | (16.2)% | $26.0 | (38.9)% | | Marine | $69.8 | (38.2)% | $4.4 | (69.7)% | H1 FY2024 Segment Performance (YoY, in millions) | Segment | Net Revenues | % Change | Adjusted EBITDA | % Change | | :--- | :--- | :--- | :--- | :--- | | Towable RV | $615.5 | (10.8)% | $59.9 | (20.8)% | | Motorhome RV | $672.8 | (22.5)% | $47.3 | (49.0)% | | Marine | $157.1 | (35.7)% | $11.6 | (64.8)% | Backlog as of Feb 24, 2024 (YoY) | Segment | Backlog Units | % Change | Backlog Dollars (M) | % Change | | :--- | :--- | :--- | :--- | :--- | | Towable RV | 5,273 | (9.7)% | $222.3 | (20.1)% | | Motorhome RV | 2,582 | (51.7)% | $452.2 | (48.2)% | | Marine | 1,194 | (52.4)% | $102.9 | (56.9)% | [Analysis of Financial Condition, Liquidity, and Resources](index=33&type=section&id=Analysis%20of%20Financial%20Condition,%20Liquidity,%20and%20Resources) The company maintains a solid liquidity position with cash and an undrawn ABL Credit Facility, while continuing share repurchases and dividends - As of Feb 24, 2024, the company had **$265.7 million** in cash and cash equivalents and a fully available **$350.0 million** ABL Credit Facility[142](index=142&type=chunk)[143](index=143&type=chunk) - In H1 FY2024, the company repurchased approximately **671,000 shares** for **$40.0 million**, with **$260.0 million** remaining available under the current share repurchase authorization[147](index=147&type=chunk) - On March 13, 2024, the Board of Directors approved a quarterly cash dividend of **$0.31 per share**[148](index=148&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rates, which is minimal as its ABL Credit Facility was undrawn - The ABL Credit Facility is the company's only floating-rate debt instrument and was undrawn as of February 24, 2024, minimizing interest rate risk[155](index=155&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of February 24, 2024, with no material changes to internal controls - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[156](index=156&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[157](index=157&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings incidental to its business, not expected to have a material adverse effect - The company is involved in ordinary and routine litigation incidental to the business, which is not expected to have a material adverse effect[89](index=89&type=chunk)[159](index=159&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) No material changes occurred to the risk factors previously disclosed in the Annual Report on Form 10-K - No material changes from the risk factors previously disclosed in the Annual Report on Form 10-K for the fiscal year ended August 26, 2023[160](index=160&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase shares under its publicly announced program in Q2 FY2024, with **$260.0 million** remaining available Share Repurchase Activity - Q2 FY2024 | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Program | Remaining Authorization (millions) | | :--- | :--- | :--- | :--- | :--- | | 11/26/23 - 12/30/23 | 0 | $— | 0 | $260.0 | | 12/31/23 - 1/27/24 | 0 | $— | 0 | $260.0 | | 1/28/24 - 2/24/24 | 239 | $66.40 | 0 | $260.0 | - The **239 shares** repurchased were from employees to satisfy tax obligations on vested shares and were not part of the publicly announced program[161](index=161&type=chunk) [Other Information](index=37&type=section&id=Item%205.%20Other%20Information) On March 18, 2024, the company amended its ABL Credit Facility to modify springing maturity provisions for its 2025 Convertible Notes - On March 18, 2024, the company amended its ABL Credit Facility to modify the springing maturity provisions related to its 2025 Convertible Notes[163](index=163&type=chunk) - No director or officer adopted, modified, or terminated a Rule 10b5-1 trading arrangement during the quarter[162](index=162&type=chunk) [Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO/CFO certifications and the credit agreement amendment

Fiscal 2024 Results March 21, 2024 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a worsening of domestic and global economic condit ...

For the quarter ended February 2024, Winnebago Industries (WGO) reported revenue of $703.6 million, down 18.8% over the same period last year. EPS came in at $0.93, compared to $1.88 in the year-ago quarter.The reported revenue represents a surprise of +1.58% over the Zacks Consensus Estimate of $692.63 million. With the consensus EPS estimate being $0.86, the EPS surprise was +8.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Winnebago Industries (WGO) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.14%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $1.20 per share when it actually produced earnings of $1.06, delivering a surprise of -11.67%.Over the last four ...

[Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Winnebago's Q2 FY2024 revenues decreased 18.8% to **$703.6 million**, reporting a **$12.7 million** net loss due to market softness and refinancing | Metric | Value | | :--- | :--- | | Revenues | $703.6 million | | Gross Profit | $105.3 million | | Gross Margin | 15.0% | | Net Loss | $12.7 million ($0.43 per share) | | Adjusted Diluted EPS | $0.93 | | Adjusted EBITDA | $49.8 million | | Adjusted EBITDA Margin | 7.1% | - The company's performance was in line with expectations, navigating market softness and constrained wholesale shipments as dealers managed inventory in a high interest rate environment[5](index=5&type=chunk) - Barletta, the company's pontoon boat brand, increased its U.S. aluminum pontoon market share to **7.9%**, up **80 basis points** year-over-year[3](index=3&type=chunk) - The company successfully completed a **$350 million** offering of convertible senior notes to refinance its 2025 maturities, enhancing financial flexibility[3](index=3&type=chunk)[16](index=16&type=chunk) [Consolidated Financial Results](index=2&type=section&id=Consolidated%20Financial%20Results) Q2 FY2024 consolidated revenues decreased 18.8% to **$703.6 million**, resulting in a **$12.7 million** net loss due to lower sales and a note repurchase charge | Metric | Q2 FY2024 | Q2 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Revenues | $703.6M | $866.7M | -18.8% | | Gross Profit | $105.3M | $146.8M | -28.3% | | Gross Margin | 15.0% | 16.9% | -190 bps | | Operating Income | $35.4M | $76.8M | -53.8% | | Net (Loss) Income | ($12.7M) | $52.8M | N/A | | Adjusted Diluted EPS | $0.93 | $1.88 | -50.5% | | Adjusted EBITDA | $49.8M | $88.4M | -43.7% | - The decline in gross profit margin was attributed to deleverage and higher warranty experience compared to the prior year[6](index=6&type=chunk) - Selling, general, and administrative (SG&A) expenses decreased by **3.0%** to **$64.2 million**, mainly due to lower incentive-based compensation[7](index=7&type=chunk) - The reported net loss of **$12.7 million** included a significant pre-tax charge of **$32.7 million** (**$1.12 per share**) related to the loss on repurchase of 2025 convertible senior notes[9](index=9&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) All segments experienced revenue declines and Adjusted EBITDA margin contraction, with Marine seeing the steepest drop amid challenging market conditions [Towable RV Segment](index=2&type=section&id=Towable%20RV%20Segment) Towable RV revenue decreased **16.9% to $284.7 million** due to lower volume and price reductions, with Adjusted EBITDA margin contracting to **9.4%** | Metric | Q2 FY2024 | Q2 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Net Revenues | $284.7M | $342.5M | -16.9% | | Adjusted EBITDA | $26.8M | $39.3M | -31.8% | | Adjusted EBITDA Margin | 9.4% | 11.5% | -210 bps | | Backlog | $222.3M | $278.2M | -20.1% | - The revenue decline was driven by lower unit volume due to market conditions and a reduction in average selling price (ASP) from product mix and price reductions[13](index=13&type=chunk) [Motorhome RV Segment](index=3&type=section&id=Motorhome%20RV%20Segment) Motorhome RV revenue declined **16.2% to $338.4 million**, with Adjusted EBITDA margin compressing to **7.7%** due to volume, discounts, and operational challenges | Metric | Q2 FY2024 | Q2 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Net Revenues | $338.4M | $403.8M | -16.2% | | Adjusted EBITDA | $26.0M | $42.5M | -38.9% | | Adjusted EBITDA Margin | 7.7% | 10.5% | -280 bps | | Backlog | $452.2M | $872.7M | -48.2% | - The decline in Adjusted EBITDA margin was primarily due to deleverage, higher warranty experience, increased discounts, and operational efficiency challenges[16](index=16&type=chunk) [Marine Segment](index=3&type=section&id=Marine%20Segment) Marine segment revenue plummeted **38.2% to $69.8 million**, with Adjusted EBITDA margin contracting to **6.3%** due to sharp volume decline and higher discounts | Metric | Q2 FY2024 | Q2 FY2023 | % Change | | :--- | :--- | :--- | :--- | | Net Revenues | $69.8M | $112.9M | -38.2% | | Adjusted EBITDA | $4.4M | $14.4M | -69.7% | | Adjusted EBITDA Margin | 6.3% | 12.8% | -650 bps | | Backlog | $102.9M | $238.5M | -56.9% | - The decrease in revenue was primarily driven by a decline in unit volume related to market conditions, unfavorable product mix, and higher discounts and allowances[17](index=17&type=chunk) [Balance Sheet and Cash Flow](index=3&type=section&id=Balance%20Sheet%20and%20Cash%20Flow) Winnebago reported **$694.8 million** in total outstanding debt and **$25.2 million** in Q2 operating cash flow, successfully refinancing 2025 convertible notes | Metric | As of Feb 24, 2024 | | :--- | :--- | | Total Outstanding Debt | $694.8M (net) | | Working Capital | $649.0M | | Q2 Cash Flow from Operations | $25.2M | - The company successfully refinanced its 2025 convertible senior notes with a new **$350 million** offering, underscoring its strong operating performance and credit profile[16](index=16&type=chunk) [Business Outlook](index=4&type=section&id=Business%20Outlook) Winnebago introduced mid-cycle organic growth targets, projecting long-term growth and market share gains based on normalizing RV inventory and consumer interest | Mid-Cycle Organic Growth Target | Value | | :--- | :--- | | Net Revenues | $4.5B - $5.0B | | Gross Margin | 18.0% - 18.5% | | Adjusted EBITDA Margin | 11.0% - 11.5% | | Free Cash Flow | $325M - $375M | | North American RV Market Share | > 13% | | U.S. Aluminum Pontoon Market Share | 13% | | Organic Non-RV Revenue Mix | 15% - 20% | - The financial targets are based on market assumptions of North American RV retail volume between **425,000-450,000 units** and U.S. aluminum pontoon retail volume between **60,000-63,000 units**[18](index=18&type=chunk) - Management is encouraged by data indicating that RV inventory levels are returning to an equilibrium stage entering the second half of fiscal 2024[19](index=19&type=chunk) [Financial Statements](index=7&type=section&id=Financial%20Statements) Detailed financial statements show a Q2 net loss from lower revenues and a note repurchase charge, with stable assets and a net cash decrease from operations and financing [Condensed Consolidated Statements of Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q2 FY2024 reported a net loss of **$12.7 million** on **$703.6 million** revenue, primarily due to a **$32.7 million** loss on note repurchase | (in millions) | Three Months Ended Feb 24, 2024 | Three Months Ended Feb 25, 2023 | | :--- | :--- | :--- | | Net Revenues | $703.6 | $866.7 | | Gross Profit | $105.3 | $146.8 | | Operating Income | $35.4 | $76.8 | | Loss on note repurchase | $32.7 | $0.0 | | Net (Loss) Income | $(12.7) | $52.8 | | Diluted (Loss) EPS | $(0.43) | $1.52 | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of Feb 24, 2024, total assets were **$2.43 billion**, with cash at **$265.7 million** and long-term debt, net, increasing to **$694.8 million** from refinancing | (in millions) | Feb 24, 2024 | Aug 26, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $265.7 | $309.9 | | Total current assets | $1,002.2 | $996.7 | | Total assets | $2,433.9 | $2,432.4 | | **Liabilities & Equity** | | | | Total current liabilities | $353.2 | $396.0 | | Long-term debt, net | $694.8 | $592.4 | | Total liabilities | $1,109.3 | $1,064.3 | | Total shareholders' equity | $1,324.6 | $1,368.1 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six-month operating cash flow was **$3.8 million**, with **$25.5 million** used in investing and **$22.5 million** in financing, resulting in a **$44.2 million** net cash decrease | (in millions) | Six Months Ended Feb 24, 2024 | Six Months Ended Feb 25, 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $3.8 | $16.8 | | Net cash used in investing activities | $(25.5) | $(48.6) | | Net cash used in financing activities | $(22.5) | $(21.1) | | Net decrease in cash and cash equivalents | $(44.2) | $(52.9) | | Cash and cash equivalents at end of period | $265.7 | $229.3 | [Non-GAAP Reconciliation](index=14&type=section&id=Non-GAAP%20Reconciliation) Non-GAAP measures, including Adjusted Diluted EPS of **$0.93** and Adjusted EBITDA of **$49.8 million**, reflect core operating performance by excluding non-recurring items Reconciliation (in millions) | Reconciliation (in millions) | Three Months Ended Feb 24, 2024 | | :--- | :--- | | Net (loss) income | $(12.7) | | Interest, Taxes, D&A | $26.6 | | EBITDA | $13.9 | | Loss on note repurchase | $32.7 | | Other adjustments | $3.2 | | **Adjusted EBITDA** | **$49.8** | Reconciliation (per share) | Reconciliation (per share) | Three Months Ended Feb 24, 2024 | | :--- | :--- | | Diluted (loss) earnings per share | $(0.43) | | Loss on note repurchase | $1.12 | | Amortization | $0.19 | | Other adjustments | $0.12 | | Tax impact of adjustments | $(0.07) | | **Adjusted diluted earnings per share** | **$0.93** | - Management uses non-GAAP measures like Adjusted EBITDA to evaluate financial performance, measure operational profitability, and assess performance relative to competitors[48](index=48&type=chunk)[49](index=49&type=chunk)

Winnebago (WGO) is slated to release second-quarter fiscal 2024 results on Mar 21, before market open. The Zacks Consensus Estimate for Winnebago’s fiscal second-quarter earnings per share and revenues is pegged at 91 cents and $710.11 million, respectively.For the fiscal second quarter, the consensus estimate for WGO’s earnings per share has decreased 10 cents in the past 60 days. Its bottom-line estimates imply a decline of 51.6% from the year-ago reported number.The Zacks Consensus Estimate for Winnebago ...

In its upcoming report, Winnebago Industries (WGO) is predicted by Wall Street analysts to post quarterly earnings of $0.91 per share, reflecting a decline of 51.6% compared to the same period last year. Revenues are forecasted to be $710.11 million, representing a year-over-year decrease of 18.1%.The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed th ...