Winnebago Margins Improving Within Towable RV and Marine Businesses

Leading RV maker Winnebago reported worse than expected top line third quarter (May) earnings on Wednesday before the bell. However, $WGO earnings estimates reflected better-than-expected profitability within its Towable RV and Marine businesses and beating earnings estimates by a wide margin. The soft sales figures underscored persistent weakness within the RV industry with unfavorable rising interest rates raising the cost to finance an expensive RV purchase and high gas prices increasing the cost to operate an RV. With that, earlier … Continue reading “Winnebago Margins Improving Within Towable RV and Marine Businesses”

RV Maker Winnebago Profits Top Estimates in the Face of Record Gasoline Prices

Leading RV maker Winnebago reported better than expected third quarter (May) earnings on Tuesday before the bell. Earlier in the month Thor Industries, $WGO’s top competitor also reported solid earnings and revenue in its report. While conditions are unfavorable with rising interest rates raising the cost to finance an expensive RV purchase and record-high gas prices increasing the cost to operate an RV. Supply chain shortages hampered production and delivery. However there does appear to be a new generation of … Continue reading “RV Maker Winnebago Profits Top Estimates in the Face of Record Gasoline Prices”