Winnebago Reports Quarterly Loss as RV Sales Decline 18%

The company cites weak consumer demand and cautious dealer orders but anticipates a spring rebound in sales.

Winnebago Industries posted a $5.2 million loss for its first fiscal quarter of 2025, with revenue falling 18% to $625.6 million compared to last year.
The company missed analyst expectations, reporting an adjusted loss of $0.03 per share versus a projected profit of $0.17 per share.
Towable RV sales dropped 23%, and motorhome sales declined 19%, while the marine segment saw a 4% revenue increase driven by strong demand for pontoon and powerboats.
CEO Michael Happe highlighted subdued consumer demand and dealer hesitancy ahead of the winter season but pointed to improving retail trends and consumer confidence in October.
Winnebago maintained its full-year revenue guidance of $2.9 billion to $3.2 billion and narrowed its adjusted EPS outlook, expecting improvement in the second half of the fiscal year.