Thor Industries sees FY26 EPS $3.75-$4.25, consensus $4.30

Sees FY26 revenue $9B-$9.5B, consensus $9.62B. Sees stable gross margin at midpoint, with upside in a stronger market. Guidance assumes a low- to mid-single digit retail decline in North America with stable market share. Does not incorporate a meaningful financial impact related to the Heartland realignment, Keystone model refresh or other restructuring initiatives. Assumes a normalized tax rate. “While there is significant internal excitement around the company-specific initiatives that have the potential to drive business results beyond what the broader market would normally support, we are cognizant of the inherent uncertainty surrounding the timing of these dynamics playing out. Additionally, with multiple data points suggesting weakness emerging in the job market, we think it is prudent to plan for another challenging year,” commented Seth Woolf, Head of Corporate Development & Investor Relations.