Winnebago reports Q1 adjusted EPS 38c, consensus 14c

Reports Q1 revenue $702.7M, consensus $631.57M. “Winnebago (WGO) Industries performed ahead of our expectations in the first quarter and demonstrated clear progress on our priorities,” said Michael Happe, the Company’s President and Chief Executive Officer. “Although the retail demand environment is dynamic and dealer order patterns remain highly seasonal, we delivered meaningful top-line growth and margin expansion in both our Motorhome and Towable RV segments. These results were driven primarily by new products, select pricing actions, production discipline, strong cost management, and the benefit of a product portfolio that is increasingly aligned to where consumers are spending. We also strengthened our balance sheet, reinforcing the financial flexibility that supports our long-term ambitions.”