Core Insights - Winnebago Industries reported a net revenue of $775.1 million for Q3 FY 2025, a decrease of 1.4% from $786.0 million in the same quarter last year, primarily due to a reduction in average selling price per unit and volume reductions in the Motorhome RV segment [5][8][9] - The company is focusing on affordability in its Towable RV segment by introducing competitively priced products, while the Marine segment has seen strong profitability growth driven by retail share gains [4][12] - Winnebago updated its fiscal 2025 full-year outlook, projecting net revenues between $2.7 billion and $2.8 billion, with reported earnings per diluted share expected to be between $0.50 and $1.00 [22][18] Financial Performance - Gross profit for Q3 FY 2025 was $106.0 million, down 10.3% from $118.2 million in the prior year, with a gross profit margin of 13.7% [6][8] - Selling, general and administrative expenses increased by 1.9% to $70.3 million, primarily due to investments in the new Grand Design motorhome business [7] - Net income for the quarter was $17.6 million, compared to $29.0 million in the same quarter last year, resulting in earnings per diluted share of $0.62, down from $0.96 [8][9] Segment Performance - In the Towable RV segment, net revenues decreased by 3.8% to $371.7 million, with an adjusted EBITDA margin of 9.5%, down from 10.9% [10][13] - The Motorhome RV segment saw a 2.6% decline in net revenues to $291.2 million, with adjusted EBITDA dropping 77.7% to $3.0 million [11][14] - The Marine segment experienced a 14.6% increase in net revenues to $100.7 million, with adjusted EBITDA rising 37.0% to $11.6 million [12][42] Balance Sheet and Cash Flow - As of May 31, 2025, the company had cash and cash equivalents of $10.5 million and total outstanding debt of $539.9 million [16] - Cash flow used in operations was $25.3 million for the third quarter [16] - The company declared a quarterly cash dividend of $0.34 per share, payable on June 25, 2025 [17] Outlook - Winnebago's management expressed confidence in the long-term potential of its brands and markets, despite near-term macroeconomic challenges [18] - A comprehensive margin recapture plan is being launched for the Winnebago motorhomes segment, focusing on product line refreshment and operational efficiency [18]

Core Insights - 10 Barrel Brewing, a subsidiary of Tilray Brands, has launched a new 5% IPA named Camp Coldie, developed in collaboration with Scout Campers, emphasizing outdoor and camping experiences [1][2][3] Company Overview - Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company involved in the beverage, cannabis, and wellness industries, operating in multiple regions including North America and Europe [5][6] - 10 Barrel Brewing Company is a craft brewery based in Bend, Oregon, known for its innovative beers and a focus on fun and outdoor experiences [7] - Scout Campers is recognized as a leading innovator in the truck camper industry, specializing in ultra-lightweight campers designed for adventurous travelers [8] Product Details - Camp Coldie is characterized as a medium-bodied IPA with tropical notes of citrus, mango, and grapefruit, designed to be refreshing and easy to drink without overwhelming the consumer [2][3] - The beer is positioned as a perfect companion for outdoor activities, aligning with 10 Barrel's mantra of "Drink Beer Outside" [2][3] Marketing and Promotion - To celebrate the launch of Camp Coldie, Scout Campers is hosting a giveaway of $25,000 towards a Scout Camper, along with a prize pack from 10 Barrel Brewing [4]