Thor Industries (THO) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Thor Industries reported revenue of $2.8 billion for the quarter ended April 2024, a decrease of 4.4% year-over-year, with EPS at $2.13 compared to $2.24 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.72 billion by 3.02%, while the EPS surpassed the consensus estimate of $1.89 by 12.70% [1] Revenue and Earnings Performance - Total unit sales for recreational vehicles reached 54,520, exceeding the average estimate of 51,791 by three analysts [3] - Net sales for recreational vehicles in Europe were $931.06 million, surpassing the average estimate of $832.54 million, reflecting a year-over-year increase of 7.4% [3] - Net sales for North American recreational vehicles totaled $1.72 billion, falling short of the $1.77 billion estimate, representing a year-over-year decline of 10.5% [3] Segment Performance - North American Towable unit sales were 34,193, exceeding the average estimate of 31,760 [3] - North American Motorized unit sales were 4,964, slightly below the average estimate of 5,121 [3] - Net sales for North American Motorized recreational vehicles were $646.95 million, below the estimated $690.56 million, marking an 18.7% decline year-over-year [3] Stock Performance - Thor Industries' shares have decreased by 5.3% over the past month, contrasting with a 3.4% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]