Winnebago beats Q2 revenue estimates, raises 2026 profit guidance
Overview
U.S. RV maker's fiscal Q2 revenue rose 6%, beating analyst expectations
Adjusted EPS for fiscal Q2 increased 42% and beat analyst estimates
Company redeemed $100 mln of debt and maintained fiscal 2026 guidance
Outlook
Winnebago Industries maintains fiscal 2026 revenue guidance of $2.8 bln to $3.0 bln
Company raises fiscal 2026 reported EPS guidance to $1.50-$2.20 from $1.40-$2.10
Winnebago Industries expects fiscal 2026 adjusted EPS of $2.10-$2.80
Result Drivers
PRICE AND PRODUCT MIX - Q2 revenue growth was primarily driven by selective price adjustments and product mix, partially offset by lower unit volume
MOTORHOME RV GROWTH - Segment revenue rose due to higher unit volume driven by new products, partially offset by product mix
COST REDUCTION INITIATIVES - SG&A expenses decreased 1.9% due to cost reduction efforts
Company press release: ID:nGNX5pqMjG
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $657.40 mln | $627.13 mln (13 Analysts) |
Q2 Adjusted EPS | Beat | $0.27 | $0.24 (13 Analysts) |
Q2 EPS |
| $0.17 |
|
Q2 Net Income |
| $4.80 mln |
|
Q2 Adjusted EBITDA |
| $24.40 mln |
|
Q2 Gross Margin |
| 13.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for Winnebago Industries Inc is $48.00, about 36.8% above its March 24 closing price of $35.08
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
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