Winnebago Misses Q3 Estimates, Lowers 2025 Outlook Amid Soft Demand

Winnebago Industries (NYSE:WGO) reported fiscal third-quarter results that came in below expectations, as continued economic headwinds weigh on recreational vehicle demand. Shares fell over 6% intra-day today following the announcement.

Adjusted earnings per share totaled $0.81, missing the consensus forecast of $0.90. Revenue came in at $775.1 million—just shy of the $779.46 million estimate—and marked a 1.4% decline from the $786 million posted in the same quarter a year ago.

The company also cut its full-year fiscal 2025 outlook, now projecting adjusted EPS between $1.20 and $1.70, falling short of the prior consensus of $1.80. Revenue guidance was revised to a range of $2.7 billion to $2.8 billion.

The revised forecast reflects ongoing softness in consumer discretionary spending and persistent macro uncertainty, particularly in the outdoor lifestyle category. While demand remains muted, Winnebago emphasized its continued focus on cost discipline and operational efficiency as it navigates a sluggish RV market.