WGO - What's Going On With Outdoor Lifestyle Product Manufacturer Winnebago Industries Stock Today? | Benzinga
Outdoor lifestyle product manufacturer Winnebago Industries Inc (NYSE:WGO) reported a second-quarter FY24 sales decline of 18.8% year-on-year to $703.60 million, missing the analyst consensus estimate of $706.45 million.
The decrease in revenue was driven by lower unit sales related to market conditions and unfavorable product mix.
Towable RV segment revenue fell 16.9% Y/Y to $284.7 million, driven by a decline in unit volume. Motorhome RV revenue of $338.4 million decreased 16.2% Y/Y. Marine segment revenue plunged 38.2% to $69.8 million.
Gross profit decreased 28.3% Y/Y to $105.3 million, and gross profit margin contracted ...