Thor Industries (NYSE: THO) shareholders lost ground to the market this week. The recreational vehicle giant's stock was down 13% through Thursday trading, according to data provided by S&P Global Market Intelligence . The broader S&P 500 index fell 2.8% over that time. The RV producer's stock is now down 24% so far in 2022 compared to a 17% decline in the market.
This week's slump was powered by an earnings update that left Wall Street feeling disappointed.
Thor Industries said on Wednesday that sales dropped 22% in the period that ended in late October. That slump came after soaring growth over most of the past two years and reflected worsening conditions in the RV market.
For further details see:
Why Thor Industries Stock Was Down 13% This Week