WGO - Winnebago Industries: No One Wants RVs Anymore

2024-06-25 06:54:20 ET

Summary

• Winnebago Industries is experiencing significant weakness in financial performance and stock price year-to-date.
• Quarterly results show missed analyst estimates, declining revenues, and deteriorating profitability.
• Valuation indicates WGO stock is selling at a premium compared to historic metrics, not justified by declining performance. "Sell" rating given.

Winnebago Industries, Inc. ( WGO ) manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. Year-to-date, the firm’s financial performance and stock price have been experiencing significant weakness. WGO has lost more than one quarter of its market cap since the start of the year, substantially underperforming the broader market. The firm’s revenues and earnings have also fallen substantially compared to the prior year....

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