Thor Industries Cuts Its Outlook as RV Sales Struggle

Core Insights - Thor Industries has lowered its fiscal 2024 revenue guidance to $9.8 billion to $10.1 billion from a previous estimate of $10.0 billion to $10.5 billion, and reduced its EPS forecast to $4.50 to $4.75 from $5.00 to $5.50 [1][5] - The company anticipates North American wholesale shipments to be between 315,000 and 325,000 units, down from the prior expectation of 330,000 to 340,000 units [2] - CEO Bob Martin indicated that macroeconomic conditions are a significant challenge, emphasizing the importance of maintaining operational discipline rather than pursuing temporary market share at the expense of margins and brand value [3] Financial Performance - Thor Industries reported fiscal third-quarter EPS of $2.13, with revenue declining 4.4% to $2.80 billion, both figures exceeding consensus analyst estimates [4] - Despite the positive third-quarter results, shares of Thor Industries fell over 1% to $94.87, reflecting a year-to-date decline of approximately 20% [4][5]