For the quarter ended August 2024, Winnebago Industries (WGO) reported revenue of $720.9 million, down 6.5% over the same period last year. EPS came in at $0.28, compared to $1.59 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $726.04 million, representing a surprise of -0.71%. The company delivered an EPS surprise of -69.23%, with the consensus EPS estimate being $0.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Exhibit 99.1 News Release WINNEBAGO INDUSTRIES REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS -- Full Year Operating Cash Flow of $143.9 Million Supports Company's Strategic Growth Investments -- -- $106.8 Million Returned to Shareholders via Repurchases and Dividends in FY 2024, Despite Challenging Market Environment -- -- Leadership Changes at Winnebago Branded Businesses Aimed at Strengthening Market Position -- -- Company Issues Fiscal 2025 Financial Guidance -- EDEN PRAIRIE, MINNESOTA, Octobe ...

Core Insights - Winnebago Industries reported a net loss of $29.1 million in Q4 FY 2024, compared to a net income of $43.8 million in the same quarter last year, reflecting challenges in the retail demand environment and operational inefficiencies [2][7][21] - The company generated $143.9 million in operating cash flow for the full year FY 2024, supporting strategic growth investments and returning $106.8 million to shareholders through repurchases and dividends [1][22] - Leadership changes have been implemented to strengthen the Winnebago branded businesses, aiming to enhance market position and address underperformance [4][24] Financial Performance - Q4 FY 2024 revenues were $720.9 million, a decrease of 6.5% from $771.0 million in Q4 FY 2023, primarily due to product mix and operational challenges [5][7] - Full year FY 2024 revenues totaled $2.9735 billion, down 14.8% from $3.4907 billion in FY 2023, driven by lower unit sales and product mix [9][21] - Gross profit for Q4 FY 2024 was $94.2 million, representing a gross margin of 13.1%, down from 16.5% in the same quarter last year [5][29] Operational Challenges - The RV industry is facing headwinds such as uncertain retail conditions, higher inventory carrying costs, and elevated inventories in the motorhome segment, leading to dealer hesitancy [2][4] - Operating expenses increased by 60.4% in Q4 FY 2024 to $112.0 million, primarily due to a goodwill impairment charge and strategic investments [6][8] - The company reported an operating loss of $17.8 million in Q4 FY 2024, compared to an operating income of $57.5 million in the same quarter last year [6][29] Strategic Initiatives - Winnebago is focusing on product innovation, with recent launches aimed at balancing cutting-edge features with affordability [3][24] - The company anticipates total North American RV wholesale shipments in FY 2025 to be between 320,000 to 350,000 units, with projected revenues of $2.9 billion to $3.2 billion [23][24] - Leadership changes include the appointment of Chris West as President of the Winnebago branded Motorhome and Specialty Vehicles business, and Don Clark as Group President overseeing Winnebago Towables [4][24] Cash Flow and Shareholder Returns - The company returned $106.8 million to shareholders in FY 2024 through dividends and share repurchases, with a quarterly cash dividend increase of 10% approved [1][22] - As of August 31, 2024, cash and cash equivalents were $330.9 million, with total outstanding debt of $696.2 million, indicating strong financial flexibility [21][30]

NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Winnebago Industries, Inc. (NYSE: WGO) resulting from allegations that Winnebago may have issued materially misleading business information to the investing public. So What: If you purchased Winnebago securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...

EDEN PRAIRIE, Minn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO) today announced that Don Clark, president of Grand Design RV, has been promoted to Group President, Towable RVs, and will now lead the Winnebago brand's towable RV division in addition to the Grand Design RV brand, leveraging the company's significant overall towables expertise and skills in Northern Indiana, effective November 1. "Don is a hall-of-famer with an unmatched track record of success and understanding o ...

EDEN PRAIRIE, Minn., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor recreation product manufacturer, plans to issue its earnings release for its fourth quarter and fiscal 2024 before the market opens on Wednesday, October 23, 2024. The Company will also host a conference call to discuss the financial results for the quarter on October 23, at 9 a.m. CT. All interested parties are invited to listen live via the Company's website, www.winnebagoind.com/investors. The ...

NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Winnebago Industries, Inc. ("Winnebago" or the "Company") (NYSE:WGO) on behalf of Winnebago stockholders. Our investigation concerns whether Winnebago has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On September 23, 2024, Hunterbrook Media published an art ...

NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Winnebago Industries, Inc. (NYSE: WGO) resulting from allegations that Winnebago may have issued materially misleading business information to the investing public. So What: If you purchased Winnebago securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Winnebago Industries, Inc. ("Winnebago" or "the Company") (NYSE: WGO). Investors who purchased Winnebago securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/WGO. Investigation Details On September 23, 2024, Hunterbrook Media published an article called "'Grand Deception' ...

NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Winnebago Industries, Inc. (NYSE: WGO) resulting from allegations that Winnebago may have issued materially misleading business information to the investing public. So What: If you purchased Winnebago securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arr ...