WGO - Winnebago Earnings: What to Watch
Investors are optimistic heading into Winnebago's (NYSE: WGO) fourth-quarter earnings report. The leading recreational vehicle manufacturer is sure to announce its first annual sales decline in years as the RV industry contracts following a nine-year record run. However, Winnebago's operating trends have been stronger than peers like Thor Industries (NASDAQ: THOR) through this industry slump. The company's push into towable products is protecting profitability, too.
On Wednesday, Oct. 23, we'll find out whether those positive trends continued into the fourth quarter, but the biggest news will center around metrics like inventory and backlog that inform management's official outlook for fiscal 2020.
Let's dive right in.