WGO - Why Outdoor Lifestyle Product Manufacturer Winnebago Shares Are Falling Today | Benzinga
Winnebago Industries, Inc. (NYSE: WGO) reported a Q1 FY24 sales decline of 19.9% Y/Y to $763 million, beating the consensus of $723.82 million.
Revenue was impacted by lower unit sales related to market conditions, product mix, and higher discounts and allowances compared to the prior year.
Revenues for the Towable RV segment were $330.8 million in Q1, down 4.8% Y/Y, primarily driven by a reduction in average selling price per unit related to product mix and targeted price reductions.
Revenues for the Motorhome RV segment were $334.4 million, down 28.0% from the prior year, primarily driven by a ...