Fiscal fourth-quarter adjusted earnings that beat consensus estimates, alongside a multi-year cost-cutting plan, sent Winnebago Industries (WGO -2.06%) soaring 16% this week.
Winnebago Industries stock changed hands at $27.35 as of Friday morning, up 16% this week from last Friday's close. Over the same period, the S&P 500 (^GSPC -0.30%) was down 0.5%, and the Nasdaq-100 was down 0.8%.
Image source: Winnebago.
Cost cuts and fiscal 2027 guidance lift Winnebago stockThe recreational vehicle maker reported fiscal fourth-quarter revenue of $645.1 million, a 17% year-over-year decline, reflecting soft consumer demand across the outdoor recreation market. Despite top-line pressure, adjusted earnings per share (EPS) of $0.49 topped consensus estimates of $0.47. To protect profitability in a sluggish market, management announced a reduction in manufacturing capacity and outlined plans to generate $70 million to $80 million in cumulative gross cost savings through fiscal 2029.
Winnebago Industries manufactures recreational vehicles, motorhomes, travel trailers, and premium boats, which are sold through a network of independent dealers to outdoor enthusiasts. Beyond its flagship RV models, the company operates premium marine brands like Chris-Craft and Barletta, as well as an expanding aftermarket parts business. By consolidating towable RV production into lower-cost sites, management aims to preserve margins even if retail sales volumes stay muted across North America.
Looking ahead, management issued fiscal 2027 guidance, expecting adjusted EPS between $1.65 and $2.25 and revenue between $2.65 billion and $2.80 billion. The projected earnings growth at the midpoint depends primarily on internal efficiency gains, site consolidations, and cost discipline rather than an immediate rebound in retail RV shipments. This week's guidance and cost-cutting plan shifts the thesis from enduring cyclical RV weakness to benefiting from operational efficiency and margin expansion.
What's next for Winnebago IndustriesInvestors will be watching whether dealer destocking eases and whether cost reductions begin to trickle down to operating margins when Winnebago Industries reports fiscal 2027 first-quarter results, expected in late December. The stock trades at a trailing price-to-earnings (P/E) ratio of 22.6 on its $780 million market capitalization, a valuation that assumes management can deliver on its promised efficiency gains while preserving market share. While the company held $181.4 million in cash and short-term investments as of Aug. 29, 2026, relatively high debt and elevated dealer inventory risks remain key headwinds if broader consumer spending contracts further.
$27.98-$0.59 (-2.06%)
NYSE · As of 12:56 PM ET 10/23/26
Is Winnebago Industries Stock a Buy?Winnebago is operating in a tough environment. Consumer spending is tight, and elevated fuel prices are another headwind. The company is navigating it through operational efficiencies and cost reductions.
Fiscal 2027 guidance targets adjusted EPS between $1.65 and $2.25, signaling a partial operational earnings recovery. Cash flow provided by operations in fiscal Q4 was $142.5 million. With the stock declining by over 30% year to date, the dividend yield now sits above 5%. That payment should be covered by operating cash flow, however. The company increased the dividend by 3% in August, but it still only amounts to about $41 million per year.
An ongoing decline in sales could change that, though. The stock jump this week signals investors see signs of a recovery in the business. While business risks remain, Winnebago stock could be a good place for value investors to allocate funds now.
Winnebago Industries, Inc. maintains a slight competitive edge, but cyclical headwinds and weak demand warrant a Hold rating. Recent results were mixed: Q4/26 revenue fell $132M YoY to $645M, though gross margins held steady at 12.5%. Management's M&A acumen is evident, with Barletta's acquisition doubling market share, but macro uncertainty clouds near-term recovery.
EDEN PRAIRIE, Minn., Oct. 23, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO) (the “Company”), a leading manufacturer of outdoor recreation products, today announced its intent to nominate Jay L. Johnson for election to Winnebago Industries’ Board of Directors (the “Board”) at the Company’s 2026 Annual Meeting of Shareholders (the “2026 Annual Meeting”), expected to be held in December.
“We look forward to welcoming Jay to the Board and benefiting from his perspectives as we navigate a dynamic environment and advance Winnebago Industries’ position as a trusted leader in outdoor recreation products,” said John Murabito, Independent Chairman of Winnebago Industries’ Board. “Jay’s expertise in financial management, capital allocation and capital markets will complement the skills and experience of our existing directors.”
In connection with Mr. Johnson’s nomination, Winnebago Industries has entered into a cooperation agreement with Vision One Fund, LP (“Vision One”). Under the cooperation agreement, Vision One has agreed to customary standstill, voting and other provisions. A complete copy of the cooperation agreement will be filed with the U.S. Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K.
In addition, Winnebago Industries announced that the Board has committed to submitting proposals at the 2026 Annual Meeting seeking shareholder approval of amendments to the Company’s Articles of Incorporation and Bylaws to phase out its classified Board structure over a three-year period, beginning with the 2027 Annual Meeting of Shareholders.
The Board’s formal recommendations regarding the election of directors and the proposed amendments to the Company’s Articles of Incorporation and Bylaws will be included in the Company’s definitive proxy statement for the 2026 Annual Meeting, which will also provide the meeting date and other relevant information.
About Jay L. Johnson
Jay L. Johnson has been Executive Vice President, Chief Financial Officer and Treasurer of Lamar Advertising Company since October 2019. Prior to joining Lamar, Mr. Johnson served as Executive Vice President and Chief Financial Officer of DiamondRock Hospitality Company and as Senior Vice President and Treasurer of Host Hotels & Resorts. Prior to Host, he served in a variety of senior leadership roles at KeyBank Real Estate Capital and Bank of America. Mr. Johnson currently serves as a director at SBA Communications Corp., a leading owner and operator of wireless communications infrastructure, and is a former director at Newell Brands, Inc., a global consumer goods company. He received his Masters in Business Administration from Harvard Business School and his undergraduate degree from Morehouse College.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.
Advisors
Goldman Sachs & Co. LLC is serving as financial advisor to Winnebago Industries and Sidley Austin LLP is serving as legal advisor. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated nomination and election of Jay L. Johnson to the Board, the proposed declassification of the Board and the timing and implementation of related governance changes. Forward-looking statements may be identified by terms such as “may,” “will,” “could,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “believe” or similar expressions. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including the outcome of shareholder votes at the 2026 Annual Meeting and other factors described in the Company's filings with the Securities and Exchange Commission (the “SEC”), including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Important Additional Information and Where to Find It
The Company intends to file a proxy statement on Schedule 14A, an accompanying proxy card and other relevant documents with the SEC in connection with its 2026 Annual Meeting. SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING PROXY CARD AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of these documents, when available, free of charge at the SEC’s website at www.sec.gov or through the “SEC Filings” section of the Company’s investor relations website at https://winnebago.gcs-web.com/.
Certain Information Regarding Participants in the Solicitation
The Company, its directors and certain of its executive officers (Michael Happe, President and Chief Executive Officer; Bryan Hughes, Senior Vice President - Chief Financial Officer, Investor Relations, Information Technology and Business Development; and Stacy Bogart, Senior Vice President - Chief Legal Officer, Corporate Secretary and Corporate Responsibility) are deemed “participants” (as defined in Schedule 14A under the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from the Company’s shareholders in connection with the matters to be considered at the 2026 Annual Meeting. Information regarding the names of the Company’s directors and executive officers and certain other individuals and their respective interests in the Company, by security holdings or otherwise, is set forth in the sections entitled “Director Compensation,” “Compensation Discussion and Analysis,” “Compensation Tables and Narrative Disclosure,” and “Security Ownership of Certain Beneficial Owners and Management” of the Company’s proxy statement on Schedule 14A in connection with its 2025 Annual Meeting of Shareholders, filed with the SEC on November 4, 2025 (available here) and the section entitled “Information about our Executive Officers” of the Company’s Annual Report on Form 10-K filed with the SEC on October 21, 2026 (available here) and, with respect to Emily Silver, Item 5.02 of the Company’s Current Report on Form 8-K filed with the SEC on May 1, 2026 (available here). Supplemental information regarding the participants’ holdings of the Company’s securities can be found in SEC filings on statements of beneficial ownership on Forms 3, 4 and 5 filed with the SEC on October 27, 2025 and October 15, 2026 for Sara Armbruster (available here and here); October 13, 2026 and October 16, 2026 for Stacy Bogart (available here, here and here); October 15, 2026 for Christopher Braun (available here); October 15, 2026 for Kevin Bryant (available here); November 17, 2025 and October 15, 2026 for William Fisher (available here and here); October 29, 2025, August 14, 2026, October 13, 2026 and October 16, 2026 for Michael Happe (available here, here, here, here and here); October 13, 2026 and October 16, 2026 for Bryan Hughes (available here, here and here); August 31, 2026 and October 15, 2026 for Staci Kroon (available here and here); December 1, 2025, March 3, 2026 and October 15, 2026 for David Miles (available here, here and here); October 15, 2026 for John Murabito (available here); December 1, 2025, March 3, 2026, June 1, 2026, August 31, 2026 and October 15, 2026 for Michael Pack (available here, here, here, here and here); and May 1, 2026, May 5, 2026 and October 15, 2026 for Emily Silver (available here, here and here). Such filings will also be available at no charge by clicking the “SEC Filings” link in the “Financial Information” section of the “Investors” tab of the Company’s website at https://winnebago.gcs-web.com/.
Any subsequent updates following the date hereof to the information regarding the identity of potential participants and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company’s proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the Company’s 2026 Annual Meeting, when they become available. These documents will be available free of charge as described above.
Winnebago Misses Estimates, But Surges 14% After EarningsWinnebago Industries NYSE: WGO reported fourth-quarter fiscal 2026 revenue of approximately $645.1 million, adjusted EBITDA of $32.6 million and adjusted earnings per diluted share of $0.49, as cautious dealer ordering and subdued retail demand continued to weigh on unit volumes.
For the full fiscal year, the RV and marine manufacturer generated approximately $2.7 billion in revenue and adjusted EPS of $1.79. Management said results were broadly in line with its expectations amid affordability pressures, elevated financing costs and macroeconomic uncertainty that have delayed consumer purchases of new RVs and boats.
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Winnebago's Q2 Earnings Show It Navigating a Tough Landscape “Consumer interest in the RV and boating lifestyle remains healthy,” President and CEO Michael Happe said. However, he said those favorable engagement trends across shows, digital channels, campgrounds, marinas and the used market have not consistently translated into new-product purchases.
Dealer Inventory, Market Share and Segment Performance Winnebago said it maintained disciplined production and wholesale shipment levels during the quarter, with RV dealer inventory turns improving to 1.8 times. Happe said dealer inventory was broadly within acceptable ranges, although dealers remained cautious in placing orders.
Fresh Air, Fresh Highs: 3 Premium Outdoor Brands with 2026 TailwindsThe company highlighted several market-share gains during the trailing 12 months ended Aug. 31. Newmar helped lift enterprise retail unit share in Class A diesel to 35.4%, while U.S. dollar share reached 41%. Grand Design Motorized's Class C retail unit share rose 170 basis points year over year to 3.6%.
In travel trailers, Winnebago said it gained unit and dollar share despite an approximately 13% decline in industry retail units. Winnebago-branded travel trailers reached 1.7% retail unit share, up roughly 30 basis points. Grand Design Towables ended the year with dealer inventory turns of 2 times, compared with 1.6 times at the end of the third quarter.
In marine, Barletta increased its share of the U.S. aluminum pontoon market to 9.7%, a gain of about 70 basis points from the prior year.
Towable RV: Fourth-quarter revenue was approximately $220.3 million, while operating income was $9.3 million and operating margin was 4.2%. Lower unit volume and a greater mix of lower-priced models outweighed pricing realization. Motorhome RV: Revenue totaled approximately $323.6 million and operating income was $7.9 million, for a 2.4% margin. The margin improved by more than 250 basis points year over year, supported by transformation initiatives, lower discounts and allowances, and cost management. Marine: Revenue was approximately $92.3 million, with operating income of $6.6 million and a 7.1% margin. The company cited Barletta's performance and Chris-Craft's disciplined production and inventory management. Cost Actions and Cash Flow During the fourth quarter, Winnebago announced manufacturing footprint changes intended to improve utilization and flexibility. Those actions include relocating Winnebago Towables production to Grand Design's Middlebury campus, consolidating select Grand Design manufacturing lines and combining Winnebago B Van production with core motorhome operations in Forest City.
Chief Financial Officer Bryan Hughes said the company expects previously announced footprint actions and broader structural cost initiatives to produce $70 million to $80 million in cumulative gross savings between fiscal 2027 and fiscal 2029. The initiatives include enterprise sourcing, SG&A reductions, manufacturing and facility efficiencies, and the rationalization of certain legacy vertical operations.
Hughes said a significant portion of the savings would offset inflation in materials, labor, health care and other operating costs, with the remainder expected to support margin expansion as the programs mature. Winnebago expects about $6 million in restructuring charges during fiscal 2027.
Full-year free cash flow rose to $144.6 million from $89.5 million in fiscal 2025. Net leverage declined to 2.2 times from 3.1 times a year earlier. The company also renewed and extended its $350 million revolving credit facility through 2031 and increased its quarterly dividend by 3%.
Fiscal 2027 Outlook Winnebago forecast fiscal 2027 revenue of $2.65 billion to $2.8 billion, reported EPS of $0.90 to $1.50, and adjusted EPS of $1.65 to $2.25. The midpoint of adjusted EPS guidance, $1.95, would represent a 9% increase from fiscal 2026 adjusted EPS.
The outlook assumes North American RV wholesale shipments of 265,000 to 295,000 units in calendar 2027. Management said it does not assume a broad recovery in RV or marine retail demand and instead expects improvement to come primarily from product and market-share initiatives, structural cost reductions and operating efficiencies.
For the fiscal first quarter, Winnebago expects net sales to decline at a mid- to high-single-digit percentage rate from the prior-year period, primarily due to towable RV trends. The company expects adjusted EBITDA margin to be roughly in line with or slightly below the prior-year first-quarter level, as sales mix and competitive conditions remain headwinds.
Hughes said the first half is not expected to drive the year's improvement because the first two quarters are seasonally weaker. Management expects stronger performance in the second half of fiscal 2027.
Longer-Term Strategy Happe said Winnebago's longer-term strategy centers on strengthening its core RV and marine businesses, building a larger aftermarket operation and selectively expanding into strategic mobility opportunities.
The company plans to invest in aftermarket offerings including parts, accessories, service, solutions and customer experiences. Happe said the initiative is expected to build through fiscal 2027, with benefits anticipated in fiscal 2028 and beyond. Winnebago recently appointed Simone Silva to lead the effort.
In strategic mobility, the company cited its Lithionics portable-power business and potential specialty-vehicle opportunities. Happe said these areas could provide exposure to adjacent markets with potentially higher margins, less cyclicality and greater business-to-business demand, while leveraging Winnebago's engineering, manufacturing and supplier relationships.
About Winnebago Industries (NYSE:WGO)Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.
Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.
Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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On its fourth-quarter fiscal 2026 earnings call, held on Oct. 21, 2026, Winnebago (WGO +10.66%) announced full-year net revenue of $2.7 billion. Soft consumer demand continues to weigh on the outdoor recreation industry. Operational efficiency and structural cost discipline protect profitability during cyclical downturns.
Three takeaways from management explain how the company is positioning itself for future growth.
1. Manufacturing Realignment Targets $80 Million in Cost SavingsManagement is consolidating manufacturing sites, moving towable recreational vehicle production to lower operational overhead. These structural footprint shifts cut costs without relying on price increases.
Together, our previously announced manufacturing footprint actions and broader structural cost initiatives are expected to generate as much as $70 million to $80 million in cumulative gross savings over fiscal years 2027 through 2029.
-- Bryan L. Hughes, Senior Vice President and Chief Financial Officer2. Aftermarket and Mobility Lines Diversify Revenue StreamsThe company is expanding beyond new vehicle sales into higher-margin aftermarket parts and strategic mobility markets, such as portable power technology. Servicing existing owners generates recurring revenue that insulates earnings from retail sales cycles.
We are aggressively strengthening the core today, while investing in aftermarket and strategic mobility opportunities designed to create more durable growth, stronger margins, and a more resilient earnings profile over time.
-- Michael J. Happe, President and Chief Executive Officer3. Operational Discipline Drives Efficiency Over Price HikesRather than relying on price hikes in a promotional market, management is focusing on factory efficiency and strategic sourcing. Lowering production costs allows the business to sustain margins through industry cycles.
We are focused on lasting productivity and cost improvements that can support stronger margins through the cycle while continuing to invest in products that resonate with consumers.
-- Bryan L. Hughes, Senior Vice President and Chief Financial OfficerLooking AheadConsumer engagement across campgrounds, marinas, and digital channels remains steady despite elevated borrowing costs. The business relies on strong brand equity in motorhomes and pontoon boats, maintaining flexible liquidity while driving cost discipline.
Consumer interest in the RV and boating lifestyle remains healthy, with continued engagement across shows, digital channels, campgrounds, marinas, and the used market.
-- Michael J. Happe, President and Chief Executive OfficerStrategic focus remains anchored on core manufacturing while expanding higher-margin growth avenues.
Our strategic intent is centered on three pillars: Strengthening and growing our core RV and marine businesses, building a more meaningful aftermarket business around the customer journey, and selectively expanding into strategic mobility markets.
-- Michael J. Happe, President and Chief Executive OfficerThe Motley Fool recommends Winnebago Industries. The Motley Fool has a disclosure policy.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Winnebago Industries, Inc. (NYSE:WGO) stock is trading higher by over 6% on Wednesday after the outdoor recreation products manufacturer reported fiscal fourth-quarter 2026 results, beating the EPS expectations.
The company reported adjusted earnings of 49 cents per share, beating the analyst consensus estimate of 47 cents.
Revenue reached $645.1 million, missing the analyst estimate of $660.08 million.
Revenue declined 17% year over year primarily due to lower unit volume and product mix, partially offset by selective price adjustments.
Margins Impacted Though Cash Flows ImprovedGross profit declined 18.6% year over year to $80.7 million. Gross margin decreased 30 basis points primarily due to volume deleverage, partially offset by operational efficiencies from Motorhome segment transformation initiatives.
Adjusted EBITDA fell 14.7% year over year to $32.6 million, representing 5.1% adjusted EBITDA margin.
Net leverage ratio improved to 2.2x at quarter end, reflecting strong cash generation.
Winnebago ended the quarter with $181.4 million in cash and cash equivalents and $443.3 million in total debt.
The company paid a quarterly cash dividend of 36 cents per share on September 23, 2026.
Segment PerformanceTowable RV revenue fell 28.1% year over year to $220.3 million as lower unit shipments and a shift toward lower-priced models outweighed selective price adjustments.
Motorhome RV revenue decreased 10.4% to $323.6 million, driven by lower unit volume and an unfavorable product mix, partially offset by lower discounts and allowances.
Marine revenue declined 2.7% to $92.3 million, reflecting a shift in product mix toward lower price-point models, partially offset by pricing actions.
Management CommentaryChief Executive Officer Michael Happe highlighted the resilience of Winnebago’s portfolio despite a persistently challenging retail environment.
The company reported early signs of progress, including traction in the Winnebago Motorhome transformation, improving market share at Grand Design Towables and strong share growth at Winnebago Towables.
Grand Design Motorized continued to gain market penetration, while Barletta continues to expand share in the U.S. aluminum pontoon market.
Management emphasized on key drivers including further Motorhome RV operating improvement, contributions from recently launched products, manufacturing-footprint alignment, material-cost and sourcing initiatives, expense discipline and leverage management.
Happe emphasized on the balance sheet strength with the renewal and extension of the company’s $350 million revolving credit facility through 2031.
Speaking on the key market trends management said the RV and boating interest remained healthy, but affordability pressures and macroeconomic uncertainty continued to delay new purchases.
Extended purchase cycles and cautious dealer ordering continued to temper industry shipments, while demand remained soft and varied across categories, with limited visibility into the timing of a recovery.
Softer OutlookWinnebago forecasts its fiscal 2027 adjusted earnings guidance to range from $1.65 to $2.25, below the analyst consensus estimate of $2.33.
The company also expects fiscal 2027 GAAP earnings per share of $0.90 to $1.50, below the analyst consensus estimate of $1.79.
The company expects fiscal 2027 revenue of $2.65 billion to $2.80 billion, below the $2.81 billion consensus estimate.
Winnebago expects North American RV wholesale shipments in the range of 275,000 to 295,000 units for calendar year 2026.
In addition, it anticipates North American RV wholesale shipments in the range of 265,000 to 295,000 units for calendar year 2027.
The lowered shipment forecast reflects potential impact on overall demand due to prevailing trends in the RV sector, including the impacts from current policy and trade environment, competitive dynamics, shifts in consumer preferences, and key macroeconomic factors.
WGO Price ActionWGO Stock Price Activity: Winnebago Industries shares are trading higher by 6.67% at $24.71 at the time of publication on Wednesday, according to Benzinga Pro data.
Winnebago Industries (WGO +9.80%) stock soared 7.8% through 12:20 p.m. ET despite missing on earnings this morning.
Heading into the fiscal Q4 report, analysts had predicted Winnebago would earn $0.51 per share on sales of $665.3 million. Winnebago actually earned only $0.49 per share, however, and its sales came in light at $645.1 million.
Image source: Winnebago.
It's unusual to see investors reacting so positively to a big earnings miss -- so what's going on here, exactly?
Winnebago's Q4 sales declined 17% year over year, and its gross profit margin suffered, slipping 30 basis points to 12.5%. Operating margins, however, improved slightly, up 10 basis points to 2.7%. Still, the big decline in revenue meant that Winnebago's earnings were destined to fall -- and fall they did, down 31% to just $0.34 per share, when calculated under generally accepted accounting principles (GAAP).
(The $0.49 per share "profit," you see, was non-GAAP.)
WGO Winnebago Industries$25.44+$2.27 (+9.80%)
NYSE · As of 1:39 PM ET 10/21/26
What's next for Winnebago stockWinnebago's full-year results as bad. Revenue declined only 3%, to $2.7 billion. Earnings per share increased 33%, to $1.21 per share. At a share price of $25, that works out to a P/E ratio of less than 21x on Winnebago stock.
But is that cheap enough to make Winnebago stock a "buy?"
That depends. Turning to guidance, Winnebago management forecast sales to be flat to up slightly this year -- $2.65 billion or better. The earnings forecast shows a wide range of potential outcomes, $0.90 to $1.50 per share. At the midpoint, that implies about a $1.20-per-share profit, which would be flat against fiscal 2026.
If Winnebago succeeds in maxing out its forecast, however, well, $1.50 per share would be 24% year-over-year growth -- plenty fast to justify a 21x price-to-earnings ratio. Add in a fat 6.2% dividend yield, and Winnebago stock could be a winner in 2027.
Winnebago Industries, Inc. (WGO) Q4 2026 Earnings Call October 21, 2026 10:00 AM EDT
Company Participants
Joan Ondala - Vice President of Treasury & Investor Relations
Michael Happe - CEO, President & Director
Bryan Hughes - SVP of Investor Relations, Finance, Information Technology and Business Development & CFO
Conference Call Participants
James Hardiman - Citigroup Inc., Research Division
Joseph Altobello - Raymond James & Associates, Inc., Research Division
Craig Kennison - Robert W. Baird & Co. Incorporated, Research Division
Charles Scholes - Truist Securities, Inc., Research Division
Tristan Thomas-Martin - BMO Capital Markets Equity Research
Patrick Buckley - Jefferies LLC, Research Division
Scott Stember - ROTH Capital Partners, LLC, Research Division
Presentation
Operator
Welcome to the Winnebago Industries Fourth Quarter and Full Year Fiscal 2026 Financial Results Conference Call.
[Operator Instructions]
Please be advised that today's conference is being recorded.
I would now like to hand the call over to Joan Ondala, Vice President, Treasury and Investor Relations. Ms. Ondala, please go ahead.
Joan Ondala
Vice President of Treasury & Investor Relations
Thank you, operator. Good morning, everybody. And thank you for joining us to discuss our fiscal 2026 fourth quarter and full year results. This call is being broadcast live on our website at investor.wgo.net, and an audio replay of the call will be available on our website later today.
Our earnings release was issued and posted to our website earlier this morning. Please note that the earnings slide deck, which accompanies our prepared remarks, is also available in the Investors section of our website under Quarterly Results.
Turning to Slide 2. Certain statements made during today's conference call may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions you that forward-looking statements involve a number of risks and uncertainties, many of which are beyond the company's control
Winnebago Industries (WGO) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.71 per share a year ago.
For the quarter ended August 2026, Winnebago Industries (WGO - Free Report) reported revenue of $645.1 million, down 17% over the same period last year. EPS came in at $0.49, compared to $0.71 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $664.76 million, representing a surprise of -2.96%. The company delivered an EPS surprise of -2%, with the consensus EPS estimate being $0.50.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit deliveries - Total Motorhome RV: 1,570 versus the three-analyst average estimate of 1,668.Unit deliveries - Total Towable RV: 5,985 versus the three-analyst average estimate of 5,838.Unit deliveries - Total Motorhome RV - Class C: 865 compared to the 862 average estimate based on two analysts.Unit deliveries - Total Towable RV - Travel trailer: 4,671 versus 4,488 estimated by two analysts on average.Unit deliveries - Total Towable RV - Fifth wheel: 1,314 compared to the 1,493 average estimate based on two analysts.Unit deliveries - Marine - Boats: 1,141 versus the two-analyst average estimate of 981.Unit deliveries - Total Motorhome RV - Class A: 187 versus the two-analyst average estimate of 292.Unit deliveries - Total Motorhome RV - Class B: 518 versus 524 estimated by two analysts on average.Net Revenues- Motorhome RV: $323.6 million versus the four-analyst average estimate of $346.62 million. The reported number represents a year-over-year change of -10.4%.Net Revenues- Marine: $92.3 million versus the four-analyst average estimate of $81.46 million. The reported number represents a year-over-year change of -2.7%.Net Revenues- Towable RV: $220.3 million versus the four-analyst average estimate of $223.05 million. The reported number represents a year-over-year change of -28.1%.Operating income- Towable RV: $9.3 million versus $11.61 million estimated by three analysts on average.View all Key Company Metrics for Winnebago here>>>
Shares of Winnebago have returned -18% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
-- Barletta Continues to Expand Share of the U.S. Aluminum Pontoon Market(1) --
-- Strong Cash Flows in the Quarter and an Improvement in Net Leverage to 2.2x --
-- Company Issues Fiscal 2027 Financial Guidance --
EDEN PRAIRIE, Minn., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today reported financial results for the Company's fourth quarter and full year Fiscal 2026.
Fourth Quarter Fiscal 2026 Financial Summary
Net revenues of $645.1 million compared to $777.3 million in the fourth quarter of Fiscal 2025Gross profit of $80.7 million, representing 12.5% gross margin, compared to $99.2 million, representing 12.8% gross margin in the fourth quarter of Fiscal 2025Net income of $9.7 million, or $0.34 per diluted share; adjusted earnings per diluted share of $0.49 compared to $0.71 in the fourth quarter of Fiscal 2025Adjusted EBITDA of $32.6 million, representing 5.1% adjusted EBITDA marginNet cash flow from operations of $142.5 millionNet leverage ratio improved to 2.2x at quarter end Full Year Fiscal 2026 Financial Summary
Net revenues of $2,703.9 million compared to $2,798.2 million in Fiscal 2025Gross profit of $350.2 million, representing 13.0% gross margin, compared to $365.1 million, representing 13.0% gross margin in Fiscal 2025Net income of $34.5 million, or $1.21 per diluted share; adjusted earnings per diluted share of $1.79 compared to $1.67 in Fiscal 2025Adjusted EBITDA of $125.0 million, representing 4.6% adjusted EBITDA marginNet cash flow from operations of $168.7 million
CEO Commentary
“Fiscal 2026 highlighted the resilience of our portfolio and the disciplined execution of our teams in a persistently challenging retail environment,” said President and Chief Executive Officer Michael Happe. “By maintaining focus on the factors within our control, including product innovation, operational improvements and deliberate production and inventory management, we continued to strengthen our brands and position the portfolio for long-term growth.
“Even as market pressure across our segments persisted, we began to see encouraging early signs across several strategic initiatives: real traction in the Winnebago Motorhome transformation, stabilizing share trends and improving market share at Grand Design Towables, growing market penetration for Grand Design Motorized, and impressive share growth at Winnebago Towables,” Happe said. “We took actions to rationalize capacity, drive operational efficiency, and better align our manufacturing footprint with market demand. These initiatives remain at different stages of development, and we expect their financial contribution to build gradually, with greater value accruing in future years. Together with the strong continued growth of Barletta's market presence in pontoons and our growing portable power offerings, this progress reinforces our confidence in the long-term earnings potential of our portfolio.
"At multiple retail, trade, and dealer meeting events in September, we demonstrated the breadth of our portfolio with new offerings across brands, product categories and price points. Dealer feedback was encouraging and reinforced that the investments we've made around both innovation and affordability are well aligned with evolving consumer preferences, positioning us to capitalize on opportunities within our control while continuing to elevate the ownership experience."
Fourth Quarter Fiscal 2026 Results
Net revenues were $645.1 million, a decrease of 17.0% compared to $777.3 million in the fourth quarter of Fiscal 2025, primarily due to lower unit volume and product mix, partially offset by selective price adjustments.
Gross profit was $80.7 million, a decrease of 18.6% compared to $99.2 million in the fourth quarter of Fiscal 2025. Gross profit margin decreased 30 basis points in the quarter to 12.5%, primarily due to volume deleverage, partially offset by operational efficiencies from Motorhome segment transformation initiatives.
Operating expenses were $63.1 million, a decrease of 20.1% compared to $79.1 million in the fourth quarter of Fiscal 2025, primarily due to cost reduction initiatives.
Operating income was $17.6 million, a decrease of 12.3% compared to $20.1 million in the fourth quarter of Fiscal 2025.
Net income was $9.7 million, compared to $13.7 million in the fourth quarter of Fiscal 2025. Reported earnings per diluted share was $0.34, compared to a reported earnings per diluted share of $0.49 in the fourth quarter of Fiscal 2025. Adjusted earnings per diluted share was $0.49, a decrease of 31.0% compared to adjusted earnings per diluted share of $0.71 in the fourth quarter of Fiscal 2025.
Consolidated Adjusted EBITDA was $32.6 million, a decrease of 14.7%, compared to $38.2 million in the fourth quarter of Fiscal 2025.
Full Year Fiscal 2026 Results
Net revenues were $2.7 billion, a decrease of 3.4% compared to $2.8 billion in Fiscal 2025, primarily due to lower unit volume, partially offset by selective price adjustments and product mix.
Gross profit was $350.2 million, a decrease of 4.1% compared to $365.1 million in Fiscal 2025. Gross profit margin remained consistent year-over-year at 13.0% as volume deleverage was largely offset by selective price adjustments.
Operating expenses were $284.0 million, compared to $307.9 million in Fiscal 2025. Operating expenses decreased primarily due to cost reduction initiatives, partially offset by costs to support the growth of the Grand Design Motorhome business.
Operating income was $66.2 million, an increase of 15.7% compared to $57.2 million in Fiscal 2025.
Net income was $34.5 million, compared to $25.7 million in Fiscal 2025. Reported earnings per diluted share was $1.21, an increase of 33.0% compared to reported earnings per diluted share of $0.91 in Fiscal 2025. Adjusted earnings per diluted share was $1.79, an increase of 7.2% compared to adjusted earnings per diluted share of $1.67 in Fiscal 2025.
Consolidated Adjusted EBITDA was $125.0 million, an increase of 2.5%, compared to $121.9 million in Fiscal 2025.
Fourth Quarter and Fiscal 2026 Segments Summary
Towable RV
Three Months Ended($, in millions)August 29, 2026 August 30, 2025 Change(1)Net revenues$220.3 $306.3 (28.1)%Operating income$9.3 $21.4 (56.5)%Operating income margin 4.2% 7.0% (280) bps(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided. Net revenues decreased primarily due to lower unit volume and a shift in product mix toward lower price-point models, partially offset by selective price adjustments.Operating income margin decreased primarily due to volume deleverage and higher discounts and allowances, partially offset by cost containment initiatives and selective price adjustments. Year Ended($, in millions)August 29, 2026 August 30, 2025 Change(1)Net revenues$1,050.8 $1,220.2 (13.9)%Operating income$47.5 $72.7 (34.7)%Operating income margin 4.5% 6.0% (150) bps(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided. Net revenues decreased primarily due to lower unit volume and a shift in product mix toward lower price-point models, partially offset by selective price adjustments.Operating income margin decreased primarily due to volume deleverage, higher discounts and allowances, and product mix, partially offset by selective price adjustments and cost containment initiatives. Motorhome RV
Three Months Ended($, in millions)August 29, 2026 August 30, 2025 Change(1)Net revenues$323.6 $361.2 (10.4)%Operating income$7.9 $(0.3) NMOperating income margin 2.4% (0.1)% 250 bps(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.NM: Not meaningful. Net revenues decreased primarily due to lower unit volume and a shift in product mix toward lower price-point models, partially offset by lower discounts and allowances.
Operating income margin increased primarily due to operational efficiencies from transformation initiatives, lower discounts and allowances, and cost containment initiatives, partially offset by volume deleverage. Year Ended($, in millions)August 29, 2026 August 30, 2025 Change(1)Net revenues$1,257.5 $1,159.7 8.4%Operating income$33.2 $(7.3) NMOperating income margin 2.6% (0.6)% 320 bps(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.NM:Not meaningful. Net revenues increased primarily due to higher unit volume, selective price adjustments, and lower discounts and allowances.Operating income margin increased primarily due to lower discounts and allowances, and volume leverage. Marine
Three Months Ended($, in millions)August 29, 2026 August 30, 2025 Change(1)Net revenues$92.3 $94.9 (2.7)%Operating income$6.6 $6.7 (1.5)%Operating income margin 7.1% 7.1% — bps(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.NM:Not meaningful. Net revenues decreased primarily due to a shift in product mix toward lower price-point models, partially offset by selective price adjustments.Operating income margin was consistent with prior year primarily due to selective price adjustments, offset by product mix. Year Ended($, in millions)August 29, 2026 August 30, 2025 Change(1)Net revenues$356.4 $367.8 (3.1)%Operating income$20.9 $27.7 (24.5)%Operating income margin 5.9% 7.5% (160) bps(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.NM:Not meaningful. Net revenues decreased primarily due to a shift in product mix toward lower price-point models and lower unit volume, partially offset by selective price adjustments.Operating income margin decreased primarily due to volume deleverage and higher warranty expense, partially offset by selective price adjustments. Balance Sheet and Cash Flow
At the end of the fourth quarter of Fiscal 2026, cash and cash equivalents totaled $181.4 million compared to $57.1 million at the end of the Fiscal 2026 third quarter and $174.0 million at the end of Fiscal 2025. Total outstanding debt was $443.3 million, which included $450.0 million of debt, net of issuance costs of $6.7 million. Working capital improved to $419.1 million, reflecting disciplined balance sheet management and stronger operating efficiency. Cash flow provided by operations was $142.5 million in the Fiscal 2026 fourth quarter. Net leverage was 2.2x at the end of the Fiscal 2026 fourth quarter, down from 3.0x at the end of the third quarter, reflecting strong cash generation and continued progress in strengthening our leverage position.
Quarterly Cash Dividend and Share Repurchases
On August 12, 2026, the Company’s Board of Directors approved a 3% increase in the quarterly cash dividend to $0.36 per share. The dividend was paid on September 23, 2026, to common stockholders of record at the close of business on September 9, 2026.
“Fiscal 2026 also reflected the strength of our balance sheet and disciplined approach to capital allocation,” Happe said. “The renewal and extension of our $350 million revolving credit facility through 2031 and the Board's decision to increase the quarterly dividend underscore our confidence in the business and long-term strategy. Supported by solid operating cash flow, improved working-capital performance and lower year-end leverage, we exited the year with a stronger balance sheet and the flexibility to continue investing in innovation, operations and customer experience."
Outlook
For calendar year 2026, Winnebago Industries now expects North American RV wholesale shipments in the range of 275,000 to 295,000 units. For calendar year 2027, Winnebago Industries anticipates total North American RV wholesale shipments in the range of 265,000 to 295,000 units. Based on this outlook and the current business environment, in Fiscal 2027 the Company expects:
Consolidated net revenues in the range of $2.65 to $2.80 billion;Reported earnings per diluted share in the range of $0.90 to $1.50; andAdjusted earnings per diluted share in the range of $1.65 to $2.25(2)
The Company’s outlook takes into account prevailing trends in the RV sector, including the impacts from current policy and trade environment, competitive dynamics, shifts in consumer preferences, and key macroeconomic factors that may influence overall demand.
“Fiscal 2027 outlook reflects a market where the timing and pace of recovery remain difficult to predict,” Happe said. “We will stay focused on serving our customer and dealers at high levels, delivering differentiated products that consumers value and continuing to strengthen our operational efficiency and discipline. The progress we made in fiscal 2026 gives us a stronger operating foundation to manage near-term volatility and capitalize on opportunities as they emerge."
Q4 FY 2026 Conference Call
Winnebago Industries, Inc. will discuss fourth quarter and full year Fiscal 2026 earnings results during a conference call scheduled for 9:00 a.m. Central Time today. Members of the news media, investors and the general public are invited to access a live broadcast of the conference call and view the accompanying presentation slides via the Investor Relations page of the Company's website at http://investor.wgo.net. The event will be archived and available for replay for the next 90 days.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the business outlook and financial guidance for Fiscal 2027. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a worsening of domestic and global economic conditions or low levels of economic growth, including changes in consumer disposable income; availability of financing for RV and marine dealers and retail purchasers; competition and new product introductions by competitors; ability to innovate and commercialize new products; ability to manage our inventory to meet demand; risk related to cyclicality and seasonality of our business; risk related to performance and financial condition of independent dealers; risk related to dealer consolidation or the loss of a significant dealer; significant increase in repurchase obligations; ability to retain relationships with our suppliers and obtain components; business or production disruptions; inadequate management of dealer inventory levels; increased material and component costs, including availability and price of fuel and other raw materials; risk related to changes in trade policy, including tariffs; ability to manage strategic acquisitions, alliances, joint ventures and partnerships; ability to attract and retain qualified personnel and changes in market compensation rates; exposure to warranty claims and product recalls; ability to protect our information technology systems from failures and disruptions, including those associated with system implementations; risks related to cybersecurity incidents; risks related to the use of Artificial Intelligence ("AI") technologies; ability to maintain compliance with data governance; ability to retain brand reputation and related exposure to product liability claims; governmental regulation, including for climate change; increased attention to sustainability matters, and our ability to meet our commitments; impairment of goodwill and trade names; risks related to our 2030 Convertible Notes and Senior Secured Notes, including our ability to satisfy our obligations under these notes; and changes in recommendations or a withdrawal of coverage by third-party securities analysts. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, copies of which are available from the SEC or from the Company upon request. We caution that the foregoing list of important factors is not complete. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any changes in the Company's expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Winnebago Industries, Inc.
Footnotes to News Release
Footnotes:
(1) Source: Statistical Surveys Inc. for the trailing 12 months ended 8/31/2026 and 8/31/2025.
(2) Fiscal 2027 adjusted EPS guidance primarily excludes the pretax impact of intangible amortization of approximately $22 million and restructuring and related costs of approximately $6 million.
Winnebago Industries, Inc.
Condensed Consolidated Statements of Income
(Unaudited and subject to reclassification)
Three Months Ended(in millions, except percent and per share data)August 29, 2026 August 30, 2025Net revenues$645.1 100.0% $777.3 100.0%Cost of goods sold 564.4 87.5% 678.1 87.2%Gross profit 80.7 12.5% 99.2 12.8%Selling, general, and administrative expenses 57.6 8.9% 73.7 9.5%Amortization 5.5 0.9% 5.4 0.7%Total operating expenses 63.1 9.8% 79.1 10.2%Operating income 17.6 2.7% 20.1 2.6%Interest expense, net 4.6 0.6% 6.6 0.8%Non-operating loss 0.4 0.1% 0.2 0.1%Income before income taxes 12.6 2.0% 13.3 1.7%Income tax provision (benefit) 2.9 0.5% (0.4) (0.1)%Net income$9.7 1.5% $13.7 1.8% Earnings per common share: Basic$0.34 $0.49 Diluted$0.34 $0.49 Weighted average common shares outstanding: Basic 28.3 28.0 Diluted 28.6 28.2 Year Ended(in millions, except percent and per share data)August 29, 2026 August 30, 2025Net revenues$2,703.9 100.0% $2,798.2 100.0%Cost of goods sold 2,353.7 87.0% 2,433.1 87.0%Gross profit 350.2 13.0% 365.1 13.0%Selling, general, and administrative expenses 262.3 9.7% 285.8 10.2%Amortization 21.7 0.8% 22.1 0.8%Total operating expenses 284.0 10.5% 307.9 11.0%Operating income 66.2 2.4% 57.2 2.0%Interest expense, net 20.9 0.8% 25.9 0.9%Loss on note repurchase 0.8 —% 2.0 0.1%Non-operating loss (income) 0.1 —% (0.8) (0.1)%Income before income taxes 44.4 1.6% 30.1 1.1%Income tax provision 9.9 0.4% 4.4 0.2%Net income$34.5 1.2% $25.7 0.9% Earnings per common share: Basic$1.22 $0.91 Diluted$1.21 $0.91 Weighted average common shares outstanding: Basic 28.2 28.2 Diluted 28.4 28.3 Amounts in tables are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
In addition, percentages may not add in total due to rounding. Winnebago Industries, Inc.
Condensed Consolidated Balance Sheets
(Unaudited and subject to reclassification)
(in millions)August 29, 2026 August 30, 2025Assets Current assets Cash and cash equivalents$181.4 $174.0Receivables, net 153.5 192.0Inventories, net 404.7 396.4Prepaid expenses and other current assets 38.7 29.8Total current assets 778.3 792.2Property, plant, and equipment, net 317.6 333.0Goodwill 484.2 484.2Other intangible assets, net 435.3 456.9Investment in life insurance 28.3 27.1Operating lease assets 39.6 41.6Other long-term assets 18.2 19.4Total assets$2,101.5 $2,154.4 Liabilities and Shareholders' Equity Current liabilities Accounts payable$174.1 $129.3Accrued expenses 185.1 197.8Total current liabilities 359.2 327.1Long-term debt, net 443.3 540.5Deferred income tax liabilities, net 12.3 5.9Unrecognized tax benefits 4.1 4.8Long-term operating lease liabilities 36.3 39.3Deferred compensation benefits, net of current portion 4.3 5.1Other long-term liabilities 5.4 7.0Total liabilities 864.9 929.7Shareholders' equity 1,236.6 1,224.7Total liabilities and shareholders' equity$2,101.5 $2,154.4 Winnebago Industries, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited and subject to reclassification)
Year Ended(in millions)August 29, 2026 August 30, 2025Operating activities Net income$34.5 $25.7 Adjustments to reconcile net income to net cash provided by operating activities Depreciation 38.3 38.5 Amortization 21.7 22.1 Amortization of debt issuance costs 2.5 3.0 Last in, first-out expense 0.1 1.8 Stock-based compensation 16.9 15.8 Deferred income taxes 6.3 2.9 Deferred compensation expense 0.6 0.7 Loss on note repurchase (Note 8) 0.8 2.0 Asset impairment — 1.2 Restructuring and related costs 1.6 2.9 Other, net (2.7) (1.0)Change in operating assets and liabilities, net of assets and liabilities acquired Receivables, net 38.5 (8.2)Inventories, net (8.4) 40.5 Prepaid expenses and other assets (4.3) 9.2 Accounts payable 43.7 (11.6)Income taxes and unrecognized tax benefits 3.3 1.3 Accrued expenses and other liabilities (24.7) (17.9)Net cash provided by operating activities 168.7 128.9 Investing activities Purchases of property, plant, and equipment (24.1) (39.4)Proceeds from the sale of property, plant, and equipment 5.6 2.2 Other, net — 2.4 Net cash used in investing activities (18.5) (34.8) Financing activities Borrowings on long-term debt 3.0 48.8 Repayments on long-term debt (103.0) (208.7)Payments of cash dividends (39.9) (38.9)Payments for repurchases of common stock (1.7) (53.7)Payments of debt issuance costs (2.2) — Other, net 1.0 1.5 Net cash used in financing activities (142.8) (251.0) Net increase (decrease) in cash and cash equivalents 7.4 (156.9)Cash and cash equivalents at beginning of period 174.0 330.9 Cash and cash equivalents at end of period$181.4 $174.0 Supplemental Disclosures Income taxes paid, net$0.9 $2.5 Interest paid 22.3 29.5 Non-cash investing and financing activities Capital expenditures in accounts payable$1.4 $0.4 Dividends declared not yet paid 11.7 11.0 Increase in lease assets in exchange for lease liabilities: Operating leases 5.5 2.7 Financing leases — 0.2 Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Towable RV
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended August 29, 2026 % of Revenues(1) August 30, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$220.3 $306.3 $(86.0) (28.1)%Operating income 9.3 4.2% 21.4 7.0% (12.1) (56.5)% Three Months EndedUnit deliveriesAugust 29, 2026 Product Mix(2) August 30, 2025 Product Mix(2) Unit Change % ChangeTravel trailer 4,671 78.0% 5,680 72.5% (1,009) (17.8)%Fifth wheel 1,314 22.0% 2,153 27.5% (839) (39.0)%Total Towable RV 5,985 100.0% 7,833 100.0% (1,848) (23.6)% Year Ended August 29, 2026 % of Revenues(1) August 30, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$1,050.8 $1,220.2 $(169.4) (13.9)%Operating income 47.5 4.5% 72.7 6.0% (25.2) (34.7)% Year EndedUnit deliveriesAugust 29, 2026 Product Mix(2) August 30, 2025 Product Mix(2) Unit Change % ChangeTravel trailer 20,021 74.1% 21,714 69.7% (1,693) (7.8)%Fifth wheel 6,983 25.9% 9,455 30.3% (2,472) (26.1)%Total Towable RV 27,004 100.0% 31,169 100.0% (4,165) (13.4)% Dealer Inventory(3)August 29, 2026 August 30, 2025 Unit Change % ChangeUnits 15,471 16,200 (729) (4.5)% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.(2) Percentages may not add due to rounding differences.(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations. Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Motorhome RV
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended August 29, 2026 % of Revenues(1) August 30, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$323.6 $361.2 $(37.6) (10.4)%Operating income (loss) 7.9 2.4% (0.3) (0.1)% 8.2 NM Three Months EndedUnit deliveriesAugust 29, 2026 Product Mix(2) August 30, 2025 Product Mix(2) Unit Change % ChangeClass A 187 11.9% 403 23.1% (216) (53.6)%Class B 518 33.0% 524 30.0% (6) (1.1)%Class C 865 55.1% 818 46.9% 47 5.7%Total Motorhome RV 1,570 100.0% 1,745 100.0% (175) (10.0)% Year Ended August 29, 2026 % of Revenues(1) August 30, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$1,257.5 $1,159.7 $97.7 8.4%Operating income (loss) 33.2 2.6% (7.3) (0.6)% 40.4 NM Year EndedUnit deliveriesAugust 29, 2026 Product Mix(2) August 30, 2025 Product Mix(2) Unit Change % ChangeClass A 892 15.1% 1,211 21.1% (319) (26.3)%Class B 1,934 32.6% 1,682 29.3% 252 15.0%Class C 3,099 52.3% 2,849 49.6% 250 8.8%Total Motorhome RV 5,925 100.0% 5,742 100.0% 183 3.2% Dealer Inventory(3)August 29, 2026 August 30, 2025 Unit Change % ChangeUnits 3,395 3,562 (167) (4.7)% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.(2) Percentages may not add due to rounding differences.(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.NM: Not meaningful. Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Marine
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended August 29, 2026 % of Revenues(1) August 30, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$92.3 $94.9 $(2.6) (2.7)%Operating income 6.6 7.1% 6.7 7.1% (0.1) (1.5)% Three Months EndedUnit deliveriesAugust 29, 2026 August 30, 2025 Unit Change % ChangeBoats 1,141 1,164 (23) (2.0)% Year Ended August 29, 2026 % of Revenues(1) August 30, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$356.4 $367.8 $(11.4) (3.1)%Operating income 20.9 5.9% 27.7 7.5% (6.8) (24.5)% Year EndedUnit deliveriesAugust 29, 2026 August 30, 2025 Unit Change % ChangeBoats 4,423 4,635 (212) (4.6)% Dealer Inventory(2,3)August 29, 2026 August 30, 2025 Unit Change % ChangeUnits 2,510 2,687 (177) (6.6)% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.(2) Due to the nature of the Marine industry, this amount includes a higher proportion of retail sold units than our other segments.(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.NM: Not meaningful. Winnebago Industries, Inc.
Non-GAAP Reconciliation
(Unaudited and subject to reclassification)
Non-GAAP financial measures, which are not calculated or presented in accordance with accounting principles generally accepted in the United States (“GAAP”), have been provided as information supplemental and in addition to the financial measures presented in the accompanying news release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the news release. The non-GAAP financial measures presented may differ from similar measures used by other companies.
The following table reconciles diluted earnings per share to Adjusted diluted earnings per share:
Three Months Ended Year Ended August 29, 2026 August 30, 2025 August 29, 2026 August 30, 2025Diluted earnings per share$0.34 $0.49 $1.21 $0.91 Amortization(1) 0.19 0.19 0.76 0.78 Loss on note repurchase(1) — — 0.03 0.07 Asset impairment(1) — — — 0.04 Restructuring and related costs(1) — 0.10 0.06 0.10 Gain on sale of property, plant and equipment(1) — — (0.10) — Tax impact of adjustments(2) (0.04) (0.07) (0.17) (0.23)Adjusted diluted earnings per share(3)$0.49 $0.71 $1.79 $1.67 (1) Represents a pre-tax adjustment.(2) Income tax impact calculated using the statutory tax rate for the U.S. of 22.0% and 23.0% for Fiscal 2026 and Fiscal 2025.(3) Per share numbers may not foot due to rounding. The following table reconciles net income to consolidated EBITDA and Adjusted EBITDA:
Three Months Ended Year Ended(in millions)August 29, 2026 August 30, 2025 August 29, 2026 August 30, 2025Net income$9.7 $13.7 $34.5 $25.7 Interest expense, net 4.6 6.6 20.9 25.9 Income tax provision (benefit) 2.9 (0.4) 9.9 4.4 Depreciation 9.5 9.8 38.3 38.5 Amortization 5.5 5.4 21.7 22.1 EBITDA 32.2 35.1 125.3 116.6 Loss on note repurchase — — 0.8 2.0 Asset impairment — — — 1.2 Restructuring and related costs — 2.9 1.6 2.9 Gain on sale of property, plant and equipment — — (2.8) — Non-operating loss (income) 0.4 0.2 0.1 (0.8)Adjusted EBITDA$32.6 $38.2 $125.0 $121.9 Non-GAAP performance measures of Adjusted diluted earnings per share, EBITDA and Adjusted EBITDA have been provided as comparable measures to illustrate the effect of non-recurring transactions occurring during the reported periods and to improve comparability of our results from period to period. Adjusted diluted earnings per share is defined as diluted earnings per share adjusted for after-tax items that impact the comparability of our results from period to period. EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization expense. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation and amortization expense and other pretax adjustments made in order to present comparable results from period to period. Management believes Adjusted diluted earnings per share and Adjusted EBITDA provide meaningful supplemental information about our operating performance because these measures exclude amounts that we do not consider part of our core operating results when assessing our performance.
Management uses these non-GAAP financial measures (a) to evaluate historical and prospective financial performance and trends as well as assess performance relative to competitors and peers; (b) to measure operational profitability on a consistent basis; (c) in presentations to the members of our Board of Directors to enable our Board of Directors to have the same measurement basis of operating performance as is used by management in its assessments of performance and in forecasting and budgeting for the Company; (d) to evaluate potential acquisitions; and (e) to ensure compliance with restricted activities under the terms of our asset-backed revolving credit facility and outstanding notes. Management believes these non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties to evaluate companies in our industry.
Winnebago Industries, Inc. (NYSE:WGO) will release its fourth-quarter earnings report before the opening bell on Wednesday, Oct. 21.
Analysts expect the Eden Prairie, Minnesota-based company to report quarterly earnings of 47 cents per share, down from 71 cents per share in the year-ago period. The consensus estimate for WGO’s quarterly revenue is $660.25 million. It reported $777.3 million last year, according to Benzinga Pro.
On Sept. 28, Winnebago named Simone Silva as vice president, aftermarket and enterprise customer experience.
Winnebago shares dropped 5.5% to close at $22.67 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Citigroup analyst James Hardiman maintained a Neutral rating and cut the price target from $29 to $24 on Oct. 13, 2026. This analyst has an accuracy rate of 59%. Seaport Global analyst Gerrick Johnson initiated coverage on the stock with a Neutral rating on July 27, 2026. This analyst has an accuracy rate of 56%. Truist Securities analyst Patrick Scholes maintained a Buy rating and cut the price target from $43 to $35 on July 8, 2026. This analyst has an accuracy rate of 66%. Roth Capital analyst Scott Stember maintained a Neutral rating and slashed the price target from $38 to $32 on June 23, 2026. This analyst has an accuracy rate of 52%. DA Davidson analyst Griffin Bryan maintained a Neutral rating with a price target of $35 on June 15, 2026. This analyst has an accuracy rate of 67%. Considering buying WGO stock? Here’s what analysts think:
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Winnebago Industries (WGO - Free Report) . WGO is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 13.26. This compares to its industry's average Forward P/E of 14.80. Over the last 12 months, WGO's Forward P/E has been as high as 24.53 and as low as 7.65, with a median of 11.38.
We should also highlight that WGO has a P/B ratio of 0.76. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.39. Over the past 12 months, WGO's P/B has been as high as 1.48 and as low as 0.65, with a median of 0.84.
These are only a few of the key metrics included in Winnebago Industries's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, WGO looks like an impressive value stock at the moment.
Shares of Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) reached a new 52-week low during trading on Monday. The stock traded as low as $25.69 and last traded at $25.28, with a volume of 13212 shares trading hands. The stock had previously closed at $26.37.
Wall Street Analyst Weigh In Several brokerages recently issued reports on WGO. Truist Financial reduced their target price on shares of Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Benchmark lowered their price target on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Citigroup reduced their price objective on Winnebago Industries from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, September 16th. Seaport Research Partners initiated coverage on Winnebago Industries in a research note on Monday, July 27th. They issued a “neutral” rating on the stock. Finally, Roth Capital dropped their target price on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.22.
Get Our Latest Analysis on WGO
Winnebago Industries Stock Performance The business’s 50-day simple moving average is $29.88 and its two-hundred day simple moving average is $30.42. The firm has a market cap of $704.06 million, a price-to-earnings ratio of 18.33 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. Winnebago Industries Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio (DPR) is presently 105.88%.
Insider Activity at Winnebago Industries In related news, CEO Michael J. Happe sold 12,045 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total value of $393,630.60. Following the completion of the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total transaction of $78,841.24. Following the transaction, the senior vice president owned 31,274 shares of the company’s stock, valued at $1,021,408.84. This represents a 7.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 15,694 shares of company stock valued at $511,658. Corporate insiders own 4.88% of the company’s stock.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of WGO. Pzena Investment Management LLC acquired a new stake in shares of Winnebago Industries in the second quarter worth approximately $53,406,000. Deprince Race & Zollo Inc. raised its stake in Winnebago Industries by 300.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock valued at $17,771,000 after purchasing an additional 430,300 shares during the last quarter. Maple Rock Capital Partners Inc. raised its stake in Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after purchasing an additional 389,400 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Winnebago Industries in the 2nd quarter valued at $9,545,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Winnebago Industries by 72.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after purchasing an additional 280,017 shares in the last quarter.
Winnebago Industries Company Profile (Get Free Report)
Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.
Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.
Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.
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BRISTOL, Ind., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Barletta Boats unveiled the all-new Halcyon series, a centerpiece of its 2027 model year lineup. Inspired by the proven success of the Corsa series and reimagined through an entirely new design lens, Halcyon delivers a balance of elevated style, premium comfort and versatile performance. Designed for boaters seeking a more expressive on-water experience, Halcyon broadens Barletta's portfolio with a series that confidently blends attainable luxury and standout design.
Available in 23- and 25-foot configurations across Ultra Lounge, Meridian, Quad Lounge and Ultra Entertainer floorplans, Halcyon was developed to broaden Barletta's appeal within a key segment of the pontoon market while strengthening the company's position in the premium category. The series combines a sleek, modern appearance with thoughtfully integrated features and performance capabilities designed to meet the needs of today's boating families and enthusiasts.
"With Halcyon, we set out to create a boat that feels unmistakably Barletta while opening a new chapter for the brand," said Josiah Druckenmiller, vice president of design and product development for Barletta Boats. "Every detail was intentionally crafted to deliver a stronger visual presence, a more connected experience on the water and the premium comfort our customers expect. Halcyon represents our commitment to continually evolving based on how people want to boat today."
Designed for customers seeking a more expressive and design-forward boating experience, Halcyon introduces a new exterior profile highlighted by sculpted lines, NuVu integrated window cutouts and refined detailing throughout the vessel. The result is a pontoon that offers enhanced visibility, a stronger connection to the surrounding environment and a distinctive presence both at the dock and underway.
Inside, Halcyon delivers an elevated experience through premium materials, ergonomic seating and an intuitive helm designed to put navigation, controls and key systems within easy reach. Power options ranging from 150 to 425 horsepower allow customers to tailor performance to their boating lifestyle, whether entertaining family and friends, cruising inland lakes or pursuing higher-performance experiences on the water.
Halcyon occupies a strategic position within the Barletta lineup, bridging accessibility and premium luxury while expanding customer choice across the portfolio. By combining standout styling with practical versatility, the new series serves as a progression point for customers looking to elevate their boating experience while remaining true to the qualities that have helped define the Barletta brand.
"The introduction of Halcyon reflects where the market is heading and where our customers are taking us," said Jeff Haradine, president of Barletta Boats. "Boaters are looking for products that deliver premium experiences, distinctive styling and the confidence that comes from owning a thoughtfully engineered boat. Halcyon was created to meet those expectations and expand what is possible within the Barletta lineup."
The all-new Halcyon series is available now at authorized Barletta dealerships. For more information, visit www.barlettapontoonboats.com
About Barletta Boats
Barletta Boats is a premium marine manufacturer founded in 2017 with a focus on high-quality, innovative products, unrivaled customer experience and strong dealer relationships. Headquartered in Bristol, Ind., Barletta Boats is the fastest-growing company in the pontoon segment with an expansive network of dealer partners across the United States and Canada. The Barletta Boat lineup includes the Reserve, Lusso, Halcyon, Cabrio, Aria and Sanza series. Visit www.barlettapontoonboats.com for more information. Barletta Pontoon Boats is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a manufacturer of premium outdoor recreation products. For more information visit www.winnebagoind.com.
SARASOTA, Fla., Sept. 29, 2026 (GLOBE NEWSWIRE) -- Chris-Craft, America's Boatbuilder Since 1874, has unveiled the all-new Corsair 27, marking the return of one of the brand's most iconic nameplates. Reimagined from bow to stern, the next-generation Corsair blends unmistakable Chris-Craft styling and craftsmanship with advanced technology and thoughtful innovations designed to elevate every moment on the water.
The return of the Corsair ushers in a new era for a legendary model known for its elegant profile, impeccable detailing and refined performance. Featuring an all-teak closed bow, a completely redesigned helm and seamlessly integrated digital technologies, the Corsair 27 delivers a sophisticated boating experience that honors its heritage while embracing the expectations of today's luxury boaters.
"The Corsair has long represented some of the very best of Chris-Craft design, craftsmanship and innovation," said Marcelo Elias, vice president of engineering at Chris-Craft. "As we reimagined this iconic model, our goal was to preserve the elements that made the Corsair so distinctive while introducing modern technologies and comfort features that create a more intuitive, connected and enjoyable experience on the water. The result is a boat that feels unmistakably Chris-Craft while setting a new standard for the future of the brand."
At first glance, the Corsair 27 commands attention with its signature all-teak closed bow, a defining design element that reinforces the model's timeless elegance and yacht-inspired character. Every detail has been carefully considered to create a boat that feels equally at home cruising a quiet harbor, entertaining family and friends or serving as the centerpiece of a weekend on the water.
The redesigned helm introduces a more refined and social experience for both captains and guests. Enhanced helm seating features wider surfaces, improved cushioning and integrated stainless-steel grab handles, while an aft-facing rotating seat creates a more inviting cockpit environment. Premium materials and meticulous craftsmanship further elevate the space, delivering a helm that is both luxurious and functional.
At the center of the cockpit is an advanced Garmin® 1543xsv ultrawide display paired with Garmin EmpirBus™ digital switching technology. The integrated platform brings navigation, vessel controls, lighting, power management and system monitoring together into a seamless user experience, simplifying operation while enhancing confidence behind the wheel.
Additional innovations include an available concealed power Bimini top that deploys through a simple one-touch operation that delivers added comfort and shade without compromising the clean lines and elegant profile that define the Corsair.
In addition, a full-beam swim platform further extends the Corsair's connection to the water, creating an inviting space for relaxation and watersports. Available features include a manual swim step with an integrated safety interlock system and a pop-up ski tow point. Illuminated Chris-Craft transom branding and carefully crafted finishing details reinforce the model's premium, yacht-inspired aesthetic.
The Corsair 27 will make its fall boat show debut at the Fort Lauderdale International Boat Show, taking place Oct. 28 through Nov. 1, 2026. For more information about the Corsair 27 and the complete Chris-Craft lineup, visit ChrisCraft.com.
About Chris-Craft
Chris-Craft, America's boatbuilder Since 1874, leads the industry in craftsmanship and quality which represents the brand’s enduring devotion to its proud past. Headquartered in Sarasota, Florida, Chris-Craft builds the following sterndrive and outboard power boat models for its 2024 Collection: Launch, Launch GT, Calypso, Catalina and Corsair, which range in length from 24 to 35 feet. Chris-Craft is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a leading manufacturer of outdoor recreation products. For more information, visit chriscraft.com.
EDEN PRAIRIE, Minn., Sept. 28, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today announced the appointment of Simone Silva as vice president, aftermarket and enterprise customer experience, effective October 15, 2026.
In this newly created role, Silva will lead the company's efforts to grow its aftermarket business across its portfolio of premium brands while advancing a unified vision for customer experience excellence. Working across business units, she will help accelerate initiatives that strengthen owner engagement, enhance the ownership journey, and create new opportunities for long-term, profitable growth.
"This role reflects our commitment to serving customers beyond the initial purchase and strengthening our connection with owners throughout their journey," said Amber Holm, chief marketing and experience officer at Winnebago Industries. "Simone has a proven track record of building customer-focused organizations and leading transformational change. Her ability to align teams around a shared customer vision, combined with deep expertise in quality, service, and customer engagement, makes her uniquely qualified to help us elevate the ownership experience and expand our aftermarket business."
Silva has over two decades of experience as a customer service leader, most recently serving as vice president of quality and customer experience at Newmar, where she helped strengthen customer satisfaction and enhance the ownership experience for one of the recreational vehicle industry's most respected luxury brands. Previously, she held global leadership positions at Whirlpool Corporation and Volkswagen, overseeing customer experience, consumer services, and quality initiatives across multiple businesses and brands.
"Our portfolio includes some of the most trusted and respected brands in outdoor recreation, supported by highly engaged owners and a deep commitment to innovation," said Silva. "I'm excited to join the team and help build on that foundation by creating an even better ownership experience for customers. We have a tremendous opportunity to serve owners throughout their journey, strengthen lifelong relationships with our brands, and support the company's long-term growth ambitions."
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.
EDEN PRAIRIE, Minn., Sept. 23, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, plans to issue its fourth quarter and fiscal 2026 financial results before the opening of the New York Stock Exchange on Wednesday, October 21, 2026. At 9:00 a.m. CT, the Company will conduct a conference call hosted by Michael Happe, president and chief executive officer, and Bryan Hughes, senior vice president and chief financial officer.
You are invited to listen to the call via the “Investors” section of the Company's website, https://www.winnebagoind.com/investors. The event will be archived and available for replay for up to one year. To access the replay, visit https://winnebago.gcs-web.com/event-calendar.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota, and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations materials, visit www.winnebagoind.com/investors.
EDEN PRAIRIE, Minn., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of premium outdoor recreation products, will bring over 150 RVs from Winnebago, Grand Design RV and Newmar to the 57th annual America’s Largest RV Show, Sept.16-20 at the Giant Center in Hershey, Pennsylvania.
Across three distinct displays, RV enthusiasts can step inside new 2027 models, compare floor plans and product categories, explore technology and construction innovations and speak directly with brand and dealer representatives. Select Newmar and Grand Design motorhomes also will be available for on-site test drives for interested buyers.
“The Hershey show gives consumers an unmatched opportunity to see what is new, compare different RV experiences and find the product that best fits how they want to travel,” said Amber Holm, chief marketing and customer experience officer at Winnebago Industries. “Winnebago, Grand Design RV and Newmar each bring something distinctive to the show, from affordable travel trailers and adventure-ready motorhomes to spacious fifth wheels and luxury coaches. While each brand is unique, they are unified in their commitment to elevating owners’ time outdoors. We invite attendees to explore all three displays, talk with our experts and experience these products firsthand.”
Here are just a few of the product highlights consumers can experience at the show:
Winnebago
As the company’s flagship brand, Winnebago will feature 85 motorized and towable RVs at Booth C2, giving visitors the opportunity to explore products built for a broad range of travel styles, group sizes and destinations.
Among the motorized highlights will be the show debut of the Winnebago ARKA, developed for adventure-focused travelers seeking expanded floor plan choices, accessible price points and extended off-grid capability. On select configurations, ARKA’s 48-volt energy architecture offers up to 16.8 kWh of available Lithionics lithium battery capacity, supporting up to 14 days of off-grid travel. It is engineered to operate in temperatures ranging from minus 10 degrees to 120 degrees Fahrenheit with hydronic heating, heated floors and tanks and enhanced insulation.
In addition to popular motorhome models like the Sunflyer, Revel, Revel Sport, Travato, Solis, EKKO and View, visitors also can tour the Elora and Resa, all new compact RVs built on the RAM ProMaster® chassis, which, at 20 feet long, pair compact dimensions and intuitive systems with adaptable interiors, flexible storage and an integrated gear deck. A cargo capacity of up to 2,220 pounds gives travelers room to bring more of the equipment that makes each trip their own.
Winnebago's towable display highlights the brand's continued momentum in the travel trailer category, featuring the Access, Micro Minnie and Thrive product families. Together, these products span key price points and camping styles, helping make RV ownership more affordable while delivering the features, quality and innovation customers expect from the Winnebago name.
The display will feature several new and expanded floor plan offerings, including the Access 24RL, all-new Access 28GP, Micro Minnie 2200 Series and Thrive 22RBS. Visitors will also get a closer look at the innovations driving the portfolio's growth, including upgraded APEX furniture and sleep systems, fully composite laminated construction, advanced solar capabilities and premium design touches throughout the lineup. Built around customer feedback and modern camping preferences, these products reflect Winnebago's commitment to bringing more choice, more capability and more value to today's RV buyer.
Grand Design RV
Grand Design RV, the award-winning brand known for innovation, quality and customer-focused design, will showcase 48 towable and motorized RVs at Booth A12, giving Hershey attendees an opportunity to explore one of the industry's broadest lineups spanning the Transcend, Imagine, Reflection, Influence, Solitude, Momentum, Foundation and Lineage families.
Among the highlights is the debut of the Transcend Lite 121RBL, Grand Design's most affordable travel trailer and an approachable entry point for customers looking to begin their RV journey. The company also will showcase the new Momentum MAV 30MAV, a versatile toy hauler featuring a functional mudroom space and convenient sit-up bar designed to support active, adventure-focused lifestyles. Attendees also will get a first look at all-new interior design packages across the popular Imagine and Reflection lines, featuring updated colors, materials and finishes that elevate comfort and style throughout the coach.
On the motorized side, Grand Design will introduce the Lineage Series E 30DC, the brand's first gas-powered motorhome and a significant expansion of the rapidly growing Lineage family. Built on a Ford® chassis, the Series E opens a new chapter for Grand Design motorized products while delivering the thoughtful features and customer-driven design the brand has become known for.
Beyond the products themselves, visitors can experience the engineering and construction innovations that continue to set Grand Design apart. Interactive displays will showcase the brand's patent-pending Worry-Free Roof, the OMEGA fifth-wheel frame backed by a five-year warranty, and an all-new wire harness system designed to improve durability and serviceability. Grand Design also will have product engineers on-site to answer questions and provide a deeper look into the design, testing and manufacturing processes behind the company's fifth-wheel lineup.
Newmar
Built in Nappanee, Indiana, Newmar motorcoaches have been synonymous with unrivaled outdoor luxury experiences for more than 50 years. Newmar will showcase 18 luxury motorhomes at Booth D1, offering one of its largest public displays of the year and giving attendees an early opportunity to experience the company’s 2027 model year lineup.
Highlights include the refreshed Essex, featuring an all-new interior design, and the reimagined New Aire, which adds premium amenities including Italian leather seating, heated tile floors and built-in washer and dryer options. Visitors also can explore the compact Freedom Aire, Newmar's Mercedes-Benz-based Class C motorhome, and join the celebration of Dutch Star's 35th anniversary. The display will feature a broad range of Class A diesel, Class A gas, Super C and compact Class C motorhomes, while select on-site test drives will give attendees the opportunity to experience the ride, handling and craftsmanship of popular models including the Dutch Star, Ventana, Northern Star and Bay Star.
“What makes our portfolio unique is the breadth of experiences we can serve, from first-time buyers entering the RV lifestyle through Transcend Lite and Access, to experienced owners seeking premium fifth wheels from Grand Design or luxury motor coaches from Newmar and Winnebago,” said Holm.
Learn more about these products and others featured at the Hershey RV Show on the Winnebago, Grand Design RV and Newmar websites.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.
BRISTOL, Ind., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Barletta Boats today announced its model year 2027 lineup, introducing a broad series of product updates across the entire product family including Reserve, Lusso, Cabrio, Aria and Sanza series. The MY2027 lineup features redesigned interiors, new color palettes, enhanced helm technology, expanded power offerings, upgraded boarding and docking features and thoughtful refinements designed to elevate the ownership experience while preserving the performance, comfort and craftsmanship that define the Barletta brand.
Available now through Barletta's dealer network, the MY2027 portfolio reflects extensive customer and dealer feedback, with updates focused on usability, premium fit and finish, connectivity and on-water confidence. Across the lineup, Barletta is introducing new interior color combinations, alpine gray flooring, integrated wireless charging, refined gate-stop designs and additional convenience features that improve everyday boating experiences.
"Our approach for MY2027 was centered on purposeful evolution," said Josiah Druckenmiller, vice president of design and product development for Barletta. "Every update was evaluated through the lens of how owners actually use their boats. From refinements in materials and color palettes to new helm technologies, docking enhancements and connectivity features, these changes are designed to make the experience on board more intuitive, more comfortable and more enjoyable day after day."
Several of the most significant enhancements arrive in Barletta's Reserve, Lusso and Cabrio series. New driftwood dune and gunmetal graphite furniture options replace previous colorways, adding depth and sophistication to the furniture while bringing a more modern aesthetic that pairs with a wider range of finishes. The new alpine gray flooring also adds to a more durable, cohesive appearance. The new Apex Silver rail skin option is available on all models along with integrated wireless charging, mid-ship cleats and a recessed in-floor gate stop design that improves walkability throughout the boat.
For technology-focused boaters, Barletta has expanded digital helm capabilities. Lusso models receive a new Spyder digital control system paired with a 12-inch Simrad display, delivering integrated digital switching and enhanced helm functionality. Cabrio introduces Medallion displays with Spyder digital controls and an available Simrad NSX upgrade option, creating a more intuitive and connected helm experience. In the Cabrio line, the enhanced technology is part of a redesigned helm that features a more open layout, clean lines that is intuitive, modern and refined while giving owners a highly functional driving experience.
Performance-minded customers will find additional options in the MY2027 lineup including the Cabrio line, which adds a 300-horsepower Mercury Verado option across its 24-foot models, providing customers with additional performance capability while maintaining accessibility within the lineup.
Barletta's value-oriented Aria and Sanza series also receive significant updates for the new model year. Aria features redesigned furniture with integrated grab-handle cutouts, standard Lillipad boarding ladders, a standard Eagle 5 chartplotter and new Silver Smoke and Driftwood Dune interior options. Sanza adds JBL Auracast Bluetooth connectivity, new furniture colors and two new floorplans: the Sanza 20QC and Sanza 22UC.
"Our dealers and customers expect Barletta to continually improve every boat we build, and that's exactly what this model year represents," said Matt Thompson, vice president of sales for Barletta. "The MY2027 lineup gives our dealer partners fresh products, meaningful innovations and expanded model choices while staying true to the quality, customer experience and attention to detail that have fueled Barletta's growth."
Looking ahead, Barletta will expand its portfolio in October with the introduction of the all-new Halcyon series. Evolving from the Corsa platform, Halcyon is designed for boaters who value distinctive styling, confident performance and a premium on-water experience. Positioned to attract customers seeking a bold expression of the Barletta brand, the new series will further strengthen the company's lineup while opening the door to a broader range of boating lifestyles. Additional details will be shared at launch.
The MY2027 lineup is available now at authorized Barletta dealerships this fall. Explore the full list of product updates at https://www.barlettapontoonboats.com/new-for-2027
About Barletta Boats
Barletta Boats is a premium marine manufacturer founded in 2017 with a focus on high-quality, innovative products, unrivaled customer experience and strong dealer relationships. Headquartered in Bristol, Ind., Barletta Boats is the fastest-growing company in the pontoon segment with an expansive network of dealer partners across the United States and Canada. The Barletta Boat lineup includes the Reserve, Lusso, Corsa, Cabrio, Aria and Sanza series. Visit www.barlettapontoonboats.com for more information. Barletta Pontoon Boats is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a manufacturer of premium outdoor recreation products. For more information visit www.winnebagoind.com.
Is It Too Late to Buy Winnebago Industries Inc (WGO) After 3.3% Rally? GF Value Says Undervalued
On September 04, 2026, Winnebago Industries Inc WGO shares rose 3.3%, closing at $31.03. The stock has traded within a 52-week range of $26.80 to $50.16, reflecting significant volatility over the past year.
GF Value™ verdict: Current price of $31.03 vs GF Value™ of $46.90, indicating a 33.8% upside.GF Score™: 73/100, suggesting above-average performance relative to industry standards.Most notable signal: Insider activity shows a net selling of $0.7M over the past 12 months.Is WGO Overvalued or Undervalued?The current price of Winnebago Industries Inc at $31.03 is significantly lower than the GF Value™ of $46.90, indicating a substantial margin of safety for potential investors. This 33.8% undervaluation suggests that the stock is trading at a price below its intrinsic value, which is estimated based on historical trading multiples, past business growth, and future performance projections. The GF Valuation label of "Significantly Undervalued" reinforces this perspective, presenting an opportunity for investors seeking stocks that might be mispriced by the market.
However, it is essential to consider the context in which this valuation exists. The recent performance of WGO suggests caution, as the stock has experienced a year-to-date decline of 21.1% and a 1-year decline of 11.5%. While the undervaluation could present an appealing buying opportunity, it is accompanied by risks related to market sentiment and the company's recent financial performance.
How Does WGO's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)22.8x9.8xForward P/E13.0xN/AWinnebago's current P/E ratio of 22.8x is significantly above its 5-year median P/E of 9.8x, indicating that the stock is trading at a premium compared to its historical valuation. This discrepancy aligns with the GF Value™ assessment that suggests the stock may be undervalued, raising questions about whether the market is mispricing the company's growth potential or if investors are overly optimistic about its future performance.
What Does WGO's GF Score™ Tell Us?The GF Score™ is a comprehensive evaluation metric that assesses a company's performance based on various factors, including financial strength, profitability, growth, valuation, and momentum. Winnebago's GF Score™ of 73/100 indicates solid performance, particularly in profitability, where it received a high rank of 8/10. However, its growth and valuation ranks are lower, at 4/10, suggesting that while the company is currently profitable, its growth prospects and current valuation metrics may not align favorably.
MetricRatingGF Score™73Financial Strength6/10Profitability8/10Growth4/10Valuation4/10Momentum5/10The analysis of Winnebago's GF Score™ reveals a company that is financially stable, with strong profitability metrics, but facing challenges in growth and valuation perspectives. The lower scores in growth and valuation indicate that while the company is currently performing well, there may be concerns about its future expansion and investment attractiveness.
What Are Gurus and Insiders Doing with WGO?Currently, 8 gurus hold shares of Winnebago Industries Inc, with 5 of them increasing their positions and 4 trimming their holdings in recent quarters. This mixed activity suggests a cautious approach among institutional investors toward WGO, reflecting varying levels of confidence in the company's prospects.
Insider trading activity over the past 12 months shows that insiders bought $0.1M worth of stock while selling $0.8M, leading to a net selling position of $0.7M. This trend of net selling by insiders may signal a lack of confidence in the company's near-term performance or strategy, which investors should consider when evaluating the stock.
What This Means for InvestorsBased on the assessment of GF Value™, Winnebago Industries Inc appears significantly undervalued at its current price of $31.03. However, the net selling by insiders and the mixed signals from guru activity indicate that investors should exercise caution. The company's profitability offers a stable foundation, but the growth and valuation challenges present risks that could affect future performance. For more insights, you can visit the Winnebago Industries Inc WGO stock page, as well as explore the GF Value™ page or the GuruFocus Stock Screener.
Frequently Asked QuestionsWhat is WGO's GF Score™?
WGO's GF Score™ is 73/100, indicating above-average performance relative to its industry peers.
Is WGO overvalued or undervalued?
WGO is currently undervalued with a GF Value™ of $46.90 compared to its current price of $31.03, suggesting significant upside potential.
What is WGO's P/E ratio?
WGO's P/E ratio (TTM) is 22.8x, which is considerably higher than its 5-year median P/E of 9.8x, indicating it is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Winnebago Industries Inc (WGO) Shares Surge 3.4% -- What GF Score of 73 Tells Investors
On September 02, 2026, Winnebago Industries Inc WGO shares rose 3.4% to $30.33, remaining within a 52-week range of $26.80 to $50.16. The stock has shown volatility, with a year-to-date decline of 22.8% and a one-year drop of 10.1%.
GF Value™ verdict: Current price of $30.33 vs GF Value™ of $46.89, indicating a 35.3% undervaluation. GF Score™: 73/100, denoting an above-average performance in multiple areas. Most notable signal: Insider activity shows net selling of $0.7M over the past 12 months. Is WGO Overvalued or Undervalued? Winnebago Industries Inc's current price of $30.33 is significantly lower than the GF Value™ estimate of $46.89, reflecting a 35.3% margin of safety. This suggests that investors may find an attractive opportunity, as the stock appears to be undervalued based on GuruFocus' proprietary intrinsic value calculation, which considers historical trading multiples, company growth, and future performance expectations. The GF Valuation label of "Significantly Undervalued" further emphasizes this point.
While the undervaluation presents an opportunity, potential investors must remain cautious. The company's recent performance trends, including a sharp decline in year-to-date stock prices, could indicate underlying issues that may affect future growth and profitability. It is essential to weigh these risks against the potential upside derived from the GF Value™ assessment.
How Does WGO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 22.3x 9.8x Forward P/E 12.7x N/A The current P/E ratio of 22.3x is significantly above the 5-year median of 9.8x, indicating that the stock is trading at a premium based on historical valuation metrics. This analysis contrasts with the GF Value™ assessment, which suggests the stock is undervalued, highlighting a potential discrepancy between market sentiment and intrinsic value.
What Does WGO's GF Score™ Tell Us? The GF Score™ is a comprehensive measure that evaluates a company's performance across multiple dimensions, including financial strength, profitability, growth potential, valuation, and momentum. Winnebago's GF Score™ of 73/100 indicates an above-average performance, with notable strengths in profitability and a weaker showing in growth and valuation.
Metric Rating GF Score™ 73/100 Financial Strength 6/10 Profitability 8/10 Growth 4/10 Valuation 4/10 Momentum 5/10 The strongest area for Winnebago is profitability, scoring 8/10, which suggests strong earnings and margin capabilities. However, the company’s growth rank of 4/10 indicates limitations in its expansion potential, while the valuation rank of 4/10 suggests concerns regarding its current price relative to its financial fundamentals.
What Are Gurus and Insiders Doing with WGO? Currently, 8 gurus hold positions in Winnebago Industries, with 5 increasing their stakes and 4 reducing their holdings in recent quarters. This mixed activity may suggest differing opinions among institutional investors regarding the company's future prospects.
Regarding insider activity, over the past 12 months, insiders have bought $0.1 million worth of shares while selling $0.8 million, resulting in a net selling of $0.7 million. This pattern of selling by insiders could raise concerns about their confidence in the company’s near-term performance and should be closely monitored by potential investors.
What This Means for Investors Based on the GF Value™ analysis, Winnebago Industries Inc WGO appears to be undervalued with a fair value estimate significantly higher than the current trading price. However, caution is warranted due to recent insider selling and the mixed sentiment among institutional investors, which could indicate underlying challenges. Investors should consider these factors while evaluating their investment strategies.
For more detailed information, you can visit the Winnebago Industries Inc WGO stock page and explore additional insights on the GF Value™ page.
Frequently Asked Questions What is WGO's GF Score™?
WGO's GF Score™ is 73/100, indicating an above-average performance across various financial metrics.
Is WGO overvalued or undervalued?
According to the GF Value™ verdict, WGO is undervalued, with a current price significantly lower than its estimated fair value.
What is WGO's P/E ratio?
The P/E ratio for WGO is 22.3x, which is considerably higher than its 5-year median of 9.8x, indicating a premium valuation compared to its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
MIDDLEBURY, Ind., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Grand Design RV, a leader and innovator across towable and motorized RV markets, today unveiled "All Roads Lead to This," a new brand platform that challenges the RV industry's long-running focus on destinations and adventure by putting connection at the center of the RV experience.
The campaign launches at a time when many Americans are feeling increasingly disconnected. According to the American Psychological Association's 2025 Stress in America survey, more than half of U.S. adults report feeling isolated from others at least some of the time. Grand Design believes RVing offers something increasingly valuable: uninterrupted time together, stronger relationships and deeper connections to the people and places that matter most.
"Grand Design was founded on the belief that an RV is more than a product. It's a vehicle for experiences, relationships and memories that last a lifetime," said Don Clark, president of Grand Design RV. "As our industry evolves, we believe the brands that will matter most are the ones that understand why people RV in the first place. That's what 'All Roads Lead to This' is all about."
A New Perspective on What Drives RVers
While much of the industry continues to market where RVers go, Grand Design is focused on why they go. The company saw an opportunity to more clearly articulate not only that it builds RVs of exceptional quality, but why customers continue to choose the brand.
"The insight was incredibly clear," said Danielle Antonelli, vice president of marketing at Grand Design RV. "People aren't looking for adventure simply for adventure's sake. They're looking for quality time with their families, traditions with friends, moments in nature and opportunities to reconnect with themselves. When we listened to our customers, connection emerged as the common thread."
The new brand platform celebrates those experiences through authentic human stories that highlight the relationships, memories and communities that define the RV lifestyle and creates a brand experience across every customer touchpoint, bringing together products, owners, dealer partners and community under a single unifying idea.
Through storytelling, brand communications, digital experiences and future marketing initiatives, "All Roads Lead to This" will serve as the unifying platform for how Grand Design shares its story and engages RVers across North America.
The launch also includes an evolved Grand Design logo that simplifies and modernizes the brand's visual identity while preserving recognizable elements, including the company's iconic drafting compass. The updated identity reflects the strength and maturity of the brand while improving consistency across customer touchpoints.
Grand Design emphasized that "All Roads Lead to This" is an evolution, not a reinvention. The campaign builds on the customer-first values that have defined the company from the beginning.
“While the campaign highlights the emotional benefits of RV ownership, it also reinforces the attributes that have made Grand Design one of the industry's most trusted brands: exceptional build quality, thoughtful innovation, customer care and a commitment to supporting owners and dealer partners,” noted Antonelli. “As we prepare for upcoming events like Elkhart Dealer Open House and the Hershey RV show, our audiences will feel this brand promise brought to life in the new products we will debut.”
By focusing on the human experiences behind RV ownership, Grand Design is reaffirming what has always set the company apart: understanding that every road leads to something greater than the destination itself. For more information visit www.granddesignrv.com.
About Grand Design RV
Grand Design RV®, headquartered in Middlebury, Indiana, manufactures the market-leading Reflection® Fifth Wheel and Travel Trailer, flagship Solitude® Extended Stay Fifth Wheel, luxury Momentum® Toy Hauler, lightweight Imagine® Travel Trailer, introductory level Transcend™ Travel Trailer, the award-winning Lineage Class B and Class C motorized line and the Foundation destination trailer. Since its founding in 2012, Grand Design RV has become one of the fastest-growing RV companies in history and is consistently rated among the highest quality RV manufacturers. Grand Design RV is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO).
Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Winnebago Industries, Inc. (NYSE:WGO – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,469 shares of the RV manufacturer’s stock, valued at approximately $577,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Winnebago Industries at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 10.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,488 shares of the RV manufacturer’s stock valued at $101,000 after purchasing an additional 233 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after buying an additional 364 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after buying an additional 401 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Winnebago Industries by 36.2% during the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after buying an additional 435 shares during the period. Finally, Royal Bank of Canada grew its holdings in Winnebago Industries by 5.5% in the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock worth $329,000 after buying an additional 498 shares in the last quarter.
Insider Buying and Selling at Winnebago Industries In other news, CEO Michael J. Happe sold 12,045 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the completion of the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of Winnebago Industries stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the transaction, the senior vice president owned 31,373 shares in the company, valued at $995,465.29. This represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,694 shares of company stock valued at $511,658. 4.88% of the stock is currently owned by insiders.
Winnebago Industries Price Performance NYSE:WGO opened at $30.07 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $30.97 and its 200 day moving average price is $32.59. Winnebago Industries, Inc. has a 52-week low of $26.80 and a 52-week high of $50.16. The firm has a market cap of $850.08 million, a P/E ratio of 22.11 and a beta of 1.11. Winnebago Industries (NYSE:WGO – Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The business had revenue of $698.70 million for the quarter, compared to the consensus estimate of $755.67 million. During the same quarter last year, the business posted $0.81 EPS. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. As a group, sell-side analysts predict that Winnebago Industries, Inc. will post 1.81 earnings per share for the current fiscal year.
Winnebago Industries Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, September 9th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.8%. Winnebago Industries’s dividend payout ratio is currently 102.94%.
Wall Street Analyst Weigh In Several analysts recently commented on WGO shares. Zacks Research cut Winnebago Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 26th. KeyCorp reissued a “sector weight” rating on shares of Winnebago Industries in a research note on Friday, June 26th. BMO Capital Markets lowered their price target on Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. Benchmark cut their price objective on shares of Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Winnebago Industries in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.33.
Get Our Latest Stock Analysis on Winnebago Industries
Winnebago Industries Profile (Free Report)
Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.
In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.
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EDEN PRAIRIE, Minn., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today announced the renewal and extension of its asset-based revolving credit facility (“ABL Credit Facility”), reinforcing the company's strong liquidity position and disciplined approach to capital allocation.
The ABL Credit Facility maintains total commitments of $350.0 million and extends the maturity date by four years to August 2031. It replaces the company’s previous asset-based revolving credit facility, which was scheduled to mature on July 15, 2027. JPMorgan Chase Bank, N.A., served as Administrative Agent for the transaction.
“The successful renewal and extension of this facility reflect the strength of our banking relationships and reinforces our financial position,” said Bryan L. Hughes, chief financial officer at Winnebago Industries. “The facility provides continued financial flexibility as we navigate evolving market conditions while investing in our brands, innovation initiatives and operational capabilities and maintaining a disciplined approach to capital allocation to create long-term value for shareholders.”
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota, and Florida. The company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries’ investor relations material visit www.winnebagoind.com/investors.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's liquidity position, financial flexibility, capital allocation strategy and long-term strategic priorities. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a worsening of domestic and global economic conditions or low levels of economic growth; availability of financing for RV and marine dealers and retail purchasers; competition and new product introductions by competitors; ability to innovate and commercialize new products; ability to manage our inventory to meet demand; risk related to cyclicality and seasonality of our business; risk related to independent dealers; risk related to dealer consolidation or the loss of a significant dealer; significant increase in repurchase obligations; ability to retain relationships with our suppliers and obtain components; business or production disruptions; inadequate management of dealer inventory levels; increased material and component costs, including availability and price of fuel and other raw materials; ability to integrate mergers and acquisitions; ability to attract and retain qualified personnel and changes in market compensation rates; exposure to warranty claims and product recalls; ability to protect our information technology systems from data security, cyberattacks, and network disruption risks and the ability to successfully upgrade and evolve our information technology systems; ability to retain brand reputation and related exposure to product liability claims; governmental regulation, including for climate change; increased attention to environmental, social, and governance matters, and our ability to meet our commitments; impairment of goodwill and trade names; risks related to our 2030 Convertible Notes and Senior Secured Notes, including our ability to satisfy our obligations under these notes; and changes in recommendations or a withdrawal of coverage by third party securities analysts. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, copies of which are available from the SEC or from the company upon request. We caution that the foregoing list of important factors is not complete. The company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any changes in the company's expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Winnebago Industries, Inc. remains a soft Buy despite recent underperformance and macroeconomic headwinds, given compelling valuation and resilient business segments. WGO's Towable RV and Marine segments weakened, but Motorhome RV revenue rose 10.1%, with unit sales up 7.1% and profitability improving. Management cut FY2026 adjusted EPS guidance to $1.65–$2.00 from $2.10–$2.80, but revenue guidance of $2.65–$2.75 billion remains intact.
EDEN PRAIRIE, Minn., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor recreation product manufacturer, today announced strategic actions to optimize its manufacturing footprint, enhance operational efficiency and position its premium brands for long-term growth.
As part of an ongoing enterprise initiative to align operations with market demand and maximize the use of existing resources, Winnebago Industries is making targeted manufacturing adjustments across two of its RV brands. The Winnebago brand's towable RV production operations will relocate to the nearby production campus where Grand Design RV products are currently manufactured in Middlebury, Indiana, providing access to a modern manufacturing environment and available capacity to support future growth. In addition, the Grand Design RV business will also pursue select line consolidation within its manufacturing footprint.
Separately, the Winnebago motorhome business will relocate production of its B-Van product line from Lake Mills, Iowa, to its primary manufacturing facility in Forest City, Iowa, bringing key manufacturing functions together in a single complex and strengthening coordination across the business. Both the Winnebago Towables campus in Middlebury, Indiana and the Winnebago Motorhome facility in Lake Mills, Iowa, will be closed and offered for sale at a later date.
"Winnebago Industries is focused on building a stronger and more agile enterprise for the future," said Michael Happe, president and chief executive officer of Winnebago Industries. "These actions reflect our commitment to thoughtfully managing our manufacturing footprint, leveraging the strengths of our portfolio and deploying resources where they can create the greatest value. By taking proactive steps today, we are strengthening our ability to serve customers, support dealers and drive long-term growth across our brands."
The company emphasized that Winnebago Towables and Grand Design will remain distinct businesses. Each brand will continue to maintain its own leadership team, product development, sales, dealers and product portfolio. No product lines are being discontinued as a result of these actions.
"One of the advantages of our parent company is the ability to leverage the strengths of each business while preserving what makes every brand unique," said Don Clark, group president of Winnebago Industries' Towables segment and president of Grand Design RV. "These moves allow us to better utilize available capacity while maintaining the culture, customer focus and brand identity that have made Grand Design successful. At the same time, it provides Winnebago Towables with additional resources and a stronger platform for future growth. These brands remain independent, but united in their effort to help more people enjoy their time outdoors."
"For the Winnebago motorhome business, bringing more of our manufacturing expertise together in Forest City creates a stronger operating foundation and better positions us for the future," said Chris West, president of the Winnebago brand. "By combining talent, production capabilities and key manufacturing functions in one location, we can improve coordination, strengthen execution and continue delivering the quality and innovation our dealers and customers expect."
As these transitions occur over the next several months, dealers and customers can remain confident that business will continue seamlessly. The company does not expect any disruption to production and anticipates no changes to ordering processes, dealer relationships, warranty support, customer service or the ownership experience. Maintaining exceptional service and support for customers and dealers remains a top priority.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://winnebagoind.com/investors.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the Company’s intention to optimize its manufacturing capabilities, benefits of such optimization, and our ability to manage the transitions so that no disruptions occur. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a worsening of domestic and global economic conditions or low levels of economic growth; ability to innovate and commercialize new products; ability to manage our inventory to meet demand; risk related to cyclicality and seasonality of our business; ability to retain relationships with our suppliers and obtain components; business or production disruptions; inadequate management of dealer inventory levels; increased material and component costs, including availability and price of fuel and other raw materials; exposure to warranty claims and product recalls; ability to retain brand reputation and related exposure to product liability claims. We caution that the foregoing list of important factors is not complete. These forward-looking statements should be considered in light of the discussion of risks and uncertainties described under the heading “Risk Factors” contained in the Company’s most recent annual report on Form 10-K, Quarterly Reports on Form 10-Q, as well as any amendments to such filings, and in other filings with the SEC. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any changes in the Company's expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Winnebago Industries has paid a quarterly dividend for 49 consecutive quarters and has increased the quarterly dividend in each of the past 8 years Winnebago Industries has paid a quarterly dividend for 49 consecutive quarters and has increased the quarterly dividend in each of the past 8 years
FOREST CITY, Iowa, July 21, 2026 (GLOBE NEWSWIRE) -- Today, Winnebago, the flagship brand of outdoor recreation product manufacturer Winnebago Industries, Inc., and Progressive Insurance, the nation’s largest personal auto insurer, announced a strategic collaboration aimed at enhancing the RV ownership experience.
The collaboration brings together Winnebago’s premium recreational vehicles with Progressive, a leader in RV insurance, to provide Winnebago owners with access to trusted insurance solutions from a recognized industry leader. Through coordinated marketing efforts and shared customer-focused initiatives, the companies will deliver added value, helpful resources and greater confidence for RV owners.
“At Winnebago, we are constantly looking for ways to elevate every aspect of the customer experience, from first purchase through every mile of ownership,” said Kim Weckert, vice president of marketing, product portfolio and digital transformation for the Winnebago brand. “Partnering with Progressive allows us to extend that commitment beyond the product itself, creating a more connected and complete solution that brings together product, protection and peace of mind.”
By aligning two trusted brands in the outdoor lifestyle space, the collaboration is designed to remove friction for customers and make it easier to get on the road with confidence. The companies will also collaborate on joint marketing initiatives and experiential activations to engage new and existing RV audiences.
“At Progressive, we’re committed to making it easier for customers to protect what matters most and enjoy the road ahead with confidence,” said Eric Doubler, Progressive recreational lines direct business leader. “Our collaboration with Winnebago brings together two trusted brands to help simplify the RV ownership journey, offering customers a more connected experience from purchase through protection.”
Together, Winnebago and Progressive are expanding how customers experience RV ownership by combining high-quality vehicles with tailored protection solutions, helping more people explore the outdoors with confidence. Click here to learn more.
About Winnebago
Winnebago® has been a part of the American outdoor experience and an RV industry pioneer since 1958. The brand offers legendary innovation, quality and customer experience across a full spectrum of towable travel trailers and motorhomes, from camper vans to rugged adventure trucks. Headquartered in Forest City, Iowa, the brand is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a leading manufacturer of premium outdoor recreation products committed to elevating every moment outdoors. For more information, visit www.winnebago.com.
MIDDLEBURY, Ind., July 08, 2026 (GLOBE NEWSWIRE) -- Grand Design RV, the fast-growing innovator of travel trailers, 5th wheels and motorized RVs, today announced the launch of the all-new Lineage series E, expanding its award-winning motorized portfolio with a new Class C motorhome designed to deliver premium comfort, practical functionality and confidence on the road. Built on the dependable Ford® E-450 chassis, the Series E brings Grand Design's owner-focused approach to one of the most established and accessible segments of the motorized RV market.
The introduction of the Lineage Series E represents the next step in the evolution of Grand Design's motorized lineup, building on the success of the Lineage Series M and Series F while offering travelers a new option that combines proven engineering with the quality and thoughtful design for which Grand Design is known.
"With the Lineage Series E, we saw an opportunity to bring the premium design, storage capacity and owner-focused features Grand Design is known for into a Class C platform that many RV travelers already trust," said Mike Hums, product manager for Grand Design's Class C motorized line. "The Series E was designed to deliver a more comfortable ownership experience, from its spacious floorplan and king bed to its ride quality and storage solutions, while maintaining the confidence and reliability of the Ford E-450 platform."
Leading the launch is the new 30DC floorplan, featuring a spacious residential-inspired interior designed to maximize living space, comfort and storage. The Series E was developed to meet growing demand from RVers seeking a motorized coach that balances everyday drivability with premium amenities, making it well-suited for everything from weekend getaways to extended adventures.
Notable features of the Lineage Series E include:
Ford® E-450 chassis with 7.3L V8 gas engineFOX Factory suspension package for enhanced ride quality and handlingResidential 70" x 80" king bedClass-leading exterior storage capacityPremium full-body paint optionsSpacious residential-inspired living areaGrand Design's 2-Year Limited Warranty and 3-Year Structural Warranty
The Lineage Series E carries forward the distinctive design language established across the Lineage family while introducing a thoughtfully designed coach that prioritizes comfort, storage and ease of use. Every aspect of the vehicle was developed with the goal of helping owners spend less time managing travel logistics and more time enjoying the freedom of the open road.
"As we continue to grow our presence in the motorized RV market, we're focused on creating products that reflect how people travel today," added Hums. "The Series E delivers the function, comfort and reliability customers expect while making high-quality motorized travel more approachable for a broader range of buyers."
The first Lineage Series E motorhomes are expected to arrive at Grand Design dealer locations beginning in mid-July.
For more information about the all-new Lineage Series E, including floorplans, specifications and available exterior color options, visit www.granddesignrv.com or contact your local Grand Design dealer.
About Grand Design RV
Grand Design RV®, headquartered in Middlebury, Indiana, manufactures a comprehensive portfolio of award-winning towable and motorized RVs. Its lineup includes the market-leading Reflection® fifth wheel and travel trailer, the flagship Solitude® extended-stay fifth wheel, the luxury Momentum® toy hauler, the lightweight Imagine® travel trailer, the introductory Transcend™ travel trailer, the Foundation™ destination trailer, and the Lineage™ motorized product line. Since its founding in 2012, Grand Design RV has become one of the fastest-growing companies in the RV industry and is consistently rated among the highest quality RV manufacturers. Grand Design RV is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a leading manufacturer of premium outdoor recreation products committed to elevating every moment outdoors. For more information, visit www.winnebagoind.com.
Key Takeaways On June 25, 2026, Winnebago missed on earnings by 19.5% for fiscal Q3 2026.Winnebago cut its FY2026 earnings guidance as the environment remains challenged. Shares of WGO are down 23% year-to-date and trade with a forward P/E of 16. Winnebago Industries, Inc. (WGO - Free Report) is facing a challenging environment as the consumer is on the sidelines. This Zacks Rank #5 (Strong Sell) recently cut its fiscal 2026 earnings guidance.
Winnebago manufacturers outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta brands. It builds motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles.
The company has multiple facilities in Iowa, Indiana, Minnesota, and Florida.
Winnebago Missed on Earnings in Fiscal Q3 2026On June 25, 2026, Winnebago reported its fiscal third quarter 2026 earnings for the period ending on May 30, 2026, and missed on the Zacks Consensus by $0.16. It reported $0.66 versus the consensus of $0.82, or a miss of 19.5%.
It was the first earnings miss in the last four quarters.
Net revenues fell 9.9% to $698.7 million from $775.1 million a year ago primarily driven by lower unit volume, partially offset by selective price adjustments and product mix.
There was growth in the Motorhome RV segment, but it was partially offset by declines in the Towable RV and Marine segments.
“Our teams continue to execute in a retail environment that remained challenging through the third quarter,” said Michael Happe, CEO.
“Industry retail demand was pressured by broader macro factors, including elevated fuel costs, geopolitical uncertainty, and weak consumer confidence which continued to drive cautious dealer ordering and tighter inventory management across the channel,” he added.
Winnebago Cuts Fiscal 2026 Earnings GuidanceWinnebago expects the environment to remain challenged. It now expects North American RV wholesale shipments in the range of 290,000 to 310,000 units.
As a result, it has lowered its full year fiscal 2026 earnings guidance to the range of $1.65 to $2.00. This is compared to its prior guidance range of $2.10 to $2.80.
“Our outlook reflects a measured view of the environment,” Happe said.
“We expect demand conditions to remain challenged in the near term, with continued variability across segments,” he added.
Analysts are Bearish on WinnebagoNot surprisingly, given the company’s guidance cut, the analysts are also bearish.
Four estimates were cut for both FY2026 and FY2027 in the last 30 days.
The fiscal 2026 Zacks Consensus fell to $1.91 from $2.34 during that time. The most accurate estimate is even more bearish at $1.81.
Yet this is still earnings growth of 14.8% as Winnebago made $1.67 in fiscal 2025. However, earnings have declined the prior 3 years.
Analysts were also bearish on next year. The Zacks Consensus on fiscal 2027 has fallen to $2.58 from $2.96 in the last month. But this is still 35.1% growth.
Have earnings hit bottom? Here’s the price and consensus chart.
Image Source: Zacks Investment Research
Shares of Winnebago Fall Further in 2026Given the dreary outlook on earnings, you can imagine that the shares have suffered over the last few years.
Shares are down further in 2026.
Image Source: Zacks Investment Research
Given the earnings decline, it’s not that cheap on a price-to-earnings (P/E) basis. It now trades with a P/E of 16. A P/E under 15 usually indicates value and a P/E under 10 can indicate deep value.
Winnebago does pay a dividend of $1.40, which is yielding an attractive 4.6%.
But investors might want to stay on the sidelines with Winnebago until the business, and earnings estimates, are turning around.
FOREST CITY, Iowa, June 30, 2026 (GLOBE NEWSWIRE) -- Winnebago®, a leading innovator and pioneer in recreation vehicles, today announced the launch of Elora™/Resa™, an approachable, compact Class C that delivers the comforts of home while supporting life on the move.
“At Winnebago, listening to our customers has always been central to how we build products, and we’ve heard that RV ownership can feel more complicated than it should,” said Chris Bienert, motorhome product manager at Winnebago. “With Elora/Resa, we focused on simplifying that experience, bringing together the core systems people need into something that feels familiar from day one, so they can spend less energy figuring it out and more time using it. We were also very intentional about including premium features, materials and technology where it matters most.”
From everyday to getaway
Elora/Resa expands how an RV fits into life, bringing together familiar operation, adaptable space and integrated capability to support a wide range of experiences without added complexity.
Approachable and familiar: Confidence begins with what already feels known, as the narrow-body design and just-over-20-foot length create a driving experience that feels familiar for those transitioning from everyday vehicles. Maneuvering and parking are more manageable, reinforcing ease of use in everyday environments. Inside, open layouts, expansive windows, and clear sightlines create a space that feels intuitive and comfortable from the start.
Flexible design and lifestyle: The interior is designed to adapt without added setup, allowing multi-use spaces to transition between sleeping, relaxing, and gear storage within the same footprint. Generous cargo capacity supports a range of uses, from family activities to outdoor pursuits, without requiring reconfiguration. The layout maintains consistent function, enabling owners to adjust how they use the space over time.
Out-of the-box confidence: Integrated systems are designed to support immediate use from day one, reducing the need for additional setup. Simplified controls centralize system management, minimizing manual oversight during operation. Core systems work together to reduce the need for constant monitoring, making it easier to focus on using the RV rather than managing it.
Intentional value: Focused design decisions prioritize essential features without introducing unnecessary complexity, anchoring the product in a purposeful and efficient foundation. A gas-powered, single-fuel platform paired with a lithium power system establishes a straightforward and cohesive approach to operation and ownership. Durable construction, reliable components, and practical features such as convertible living space and semi-dry bath support everyday usability while maintaining long-term value.
The Winnebago Elora/Resa is an approachable compact Class C that combines familiar driving, flexible living, and everyday practicality. Seating six and sleeping four, it is ideal for family weekenders, cost-conscious buyers, or sports enthusiasts who want more space than a B-van and a simple way to travel, without the size or complexity of a traditional Class C.
The product is expected to arrive at Winnebago dealers in July with a nationally advertised price of $153,772.
For a full product tour, specifications, and more, visit www.winnebago.com/models/elora-resa-family
Naming
Elora™ and Resa™ refer to the same product, offered under two nameplates. This approach comes from Winnebago’s Itasca heritage and has been carried forward as part of how we bring products to market today. It allows us to support our combined dealer network while delivering the product and experience to customers, regardless of name.
About Winnebago
Winnebago® has been a part of the American outdoor experience and an RV industry pioneer since 1958. The brand offers legendary innovation, quality and customer experience across a full spectrum of towable travel trailers and motorhomes, from camper vans to rugged adventure trucks. Headquartered in Forest City, Iowa, the brand is a wholly owned subsidiary of Winnebago Industries (NYSE: WGO), a leading manufacturer of premium outdoor recreation products committed to elevating every moment outdoors. For more information, visit www.winnebago.com.
Winnebago Industries NYSE: WGO reported earnings on June 25, and the results showed a company dealing with a consumer who is under pressure. The company missed on its top and bottom lines and lowered its full-year guidance. Still, WGO ended the day up 14.4% on a day when the broader market was struggling to find direction.
Winnebago Industries Today
WGO
Winnebago Industries
$31.24 -0.12 (-0.37%)
As of 06/26/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$26.80▼
$50.16Dividend Yield4.48%
P/E Ratio22.97
Price Target$37.22
The company’s quarterly report could be neatly summarized in the first minute of the conference call.
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At that point, president and chief executive officer (CEO), Michael Happe, remarked: “Our fiscal third quarter results reflect a demand environment that remains challenged with limited near-term visibility to stable conditions.”
That sentiment was echoed in the company’s earnings presentation, which featured a slide titled “Managing the Controllables.” Highlighting these statements is not meant to be dismissive of the company.
Rather, those statements revealed the blunt reality facing the company, which investors must understand to put the outlook for WGO in context.
Analysts and Industry Data Foreshadowed a Tough QuarterThe company’s weak Q3 2026 earnings report was foreshadowed by analysts who lowered their price targets ahead of the report. On June 23, Roth Mkm and Benchmark both lowered their targets for WGO to $32 and $40 from $38 and $48.
That goes along with the summer 2026 forecast from the RV Industry Association, which revised its forecast for shipped units to a range of 300,000 to 328,100 with a median of 314,000 units. At the median, that marks an 8.2% year over year decline.
Winnebago’s report aligned with that outlook. The company delivered revenue of $698.70 million, below estimates of $755.68 million. Adjusted earnings per share (EPS) of 66 cents were also below the estimates of 81 cents. Making matters worse, those numbers were down approximately 10% and 18% year-over-year, respectively.
Some context softens the blow. The company's gross margin came in at 13.6%, essentially flat with the 13.7% reported in the year-ago quarter. That suggests Winnebago is preserving pricing discipline even as volume contracts. On a GAAP basis, net income was $14.5 million, or 51 cents per diluted share. That's still a profitable quarter in what management plainly called a challenged demand environment.
A Different Consumer Meets a Different WinnebagoThe recreational vehicle (RV) industry thrived in 2020 and 2021. Consumers looking to travel but remain socially distant leaned hard into the outdoor lifestyle, including RVs. The benefit of low interest rates to accommodate financing and stimulus money flowing caused a boom for many RV makers, including Winnebago.
But those days are a distant memory. The macroeconomic picture is inverted, and the industry is faced with more “choiceful” consumers. The interest is still there; the commitment is lacking.
That fits into the bucket of things Winnebago can’t control.
However, while the state of the consumer is different, so is Winnebago. WGO trades right around where it was in 2019. But since the end of its 2019 fiscal year, the company acquired Newmar. Then, in 2021, it added Barletta Boats. More recently, the company acquired the Grand Design motorhome brand. That’s given the company several new revenue streams, and the company’s report makes it clear that the Newmar and Grand Design brands were bullish outliers in an otherwise poor quarter.
But that’s not showing up in the numbers. Winnebago made downward revisions to its full-year guidance. The company now expects revenue between $2.65 billion and $2.75 billion and adjusted EPS of $1.65 to $2.. Those don’t suggest growth, but if they are a worst-case scenario, it could explain the post-earnings price action
The WGO Chart Hints at a Short-Term SetupThe setup on the chart is worth a closer look. WGO gapped higher on Thursday to close at $30.87 on volume of 1.4 million shares. The move reclaimed the 50-day simple moving average (SMA) at $30.18 in a single session, flipping a key short-term resistance level into support.
The pattern rhymes with a setup from late summer 2025. Back then, the stock built a multi-week base near $28 to $30 before breaking out and spiking through the fall. WGO has spent the last two months consolidating in that same price zone, and Thursday's surge on outsized volume could mark the start of a similar leg higher.
Momentum indicators are starting to confirm. The moving average convergence divergence (MACD) line has crossed above its signal line, and the histogram has flipped positive. That's an early bullish trigger, though it needs follow-through to carry weight.
Resistance sits in the $36 to $38 zone, where the stock topped last fall, and again near $44, where buyers stalled in February. A failure to hold the $28 level would invalidate the setup. For investors who can stomach the cyclical risk, the current reaction offers a defined-risk entry into a name already trading at depressed multiples.
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Key Takeaways Winnebago missed Q3 earnings and revenue estimates as sales fell on lower unit volumes.WGO cut fiscal 2026 revenue and adjusted EPS guidance amid weaker demand and dealer ordering.Winnebago expects challenged near-term demand while focusing on cost actions and inventory discipline. Winnebago Industries (WGO - Free Report) reported adjusted earnings of 66 cents per share in the third quarter of fiscal 2026, missing the Zacks Consensus Estimate of 82 cents. The bottom line declined from adjusted earnings of 81 cents per share in the year-ago quarter. Net revenues of $699 million also missed the consensus mark of $777 million and fell 9.9% year over year. The top line was hurt by lower unit volumes, partly offset by selective price adjustments and product mix.
Gross profit declined 10.5% year over year to $94.9 million. Gross margin was 13.6%, almost flat with 13.7% in the prior-year quarter, as higher input costs and volume deleverage were largely offset by selective pricing actions. SG&A expenses decreased 5.4% year over year to $66.5 million, mainly due to cost-reduction initiatives. Operating income fell 23.9% to $23 million.
Segmental PerformanceTowable RV: Revenues in the Towable RV segment declined 26.1% year over year to $274.7 million due to lower unit volumes and a shift in mix toward lower-price-point models, partially offset by selective price adjustments. Total deliveries from the segment came in at 6,983 units, which decreased 26.5% year over year. Operating income fell 46.3% to $16 million. Operating margin contracted 220 basis points to 5.8% due to higher input costs, volume deleverage and product mix, partly offset by pricing and cost-control measures.
Motorhome RV: Revenues in the Motorhome RV segment increased 10.1% year over year to $320.7 million, driven mainly by higher unit volumes and selective price adjustments. Total deliveries from the Motorhome RV segment came in at 1,533 units, up 7.1% year over year. The segment recorded operating income of $9.6 million against an operating loss of $3.2 million in the prior-year quarter. Operating margin improved 410 basis points to 3%, aided by higher volumes from new products and pricing actions, partly offset by higher input costs.
Marine: Revenues from the Marine segment declined 8.3% year over year to $92.4 million due to lower unit volumes and product mix, partly offset by selective pricing. Total deliveries from the segment came in at 1,155 units, down 7.9% year over year. Operating income dropped 43.4% to $5.3 million. Operating margin contracted 350 basis points to 5.8%, reflecting higher input costs and volume deleverage.
FinancialsAs of May 30, 2026, Winnebago had cash and cash equivalents of $57.1 million. Total outstanding debt was $442.9 million, net of debt issuance costs. Working capital totaled $411.6 million. Cash flow from operating activities was $26.2 million for the first nine months of fiscal 2026 compared with cash used in operating activities of $52.5 million in the year-ago period.
The company’s board approved a quarterly cash dividend of 35 cents per share, payable on June 24, 2026, to shareholders of record as of June 10, 2026.
Fiscal 2026 OutlookWinnebago lowered its fiscal 2026 outlook, citing a more cautious demand environment, affordability pressure, competitive intensity, measured dealer ordering and broader macroeconomic uncertainty. The company now expects fiscal 2026 consolidated revenues in the range of $2.65-$2.75 billion, down from its prior expectation of $2.8-$3 billion. Reported EPS is now expected in the range of $1.05-$1.40, while adjusted EPS is projected between $1.65 and $2, down from the previous adjusted EPS guidance of $2.10-$2.80.
Winnebago also revised its 2026 North American RV wholesale shipment expectation to 290,000-310,000 units. The company expects near-term demand to remain challenged, though it continues to focus on product refreshes, cost actions, inventory discipline and capacity alignment to improve performance as conditions stabilize.
WGO currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto SpaceTHOR Industries, Inc. (THO - Free Report) posted third-quarter fiscal 2026 results on June 3, 2026. It reported earnings of $1.86 per share, missing the Zacks Consensus Estimate of $1.88 by 1.1%. The bottom line declined 32.9% year over year.
THO’s quarterly revenues came in at $2.78 billion, beating the Zacks Consensus Estimate of $2.64 billion by 5.2% and decreasing 3.9% from the year-ago quarter. The results reflected a pressured RV retail backdrop, with industry retail tracking near 300,000 units in calendar 2026, weighing most heavily on value-oriented towables.
Mobileye Global Inc. (MBLY - Free Report) reported first-quarter 2026 results on April 23. It posted earnings of 12 cents per share, beating the Zacks Consensus Estimate of 8 cents by 58.52%. The bottom line rose 50% year over year, driven by higher shipments of EyeQ system-on-chip. The company posted revenues of $558 million, which beat the Zacks Consensus Estimate of $520 million by 7.36% and increased 27.4% year over year.
Operating cash flow was $75 million, reflecting the company’s ability to convert its ADAS scale into cash generation.
Mobileye also approved a share buyback program of up to $250 million. By the end of the first quarter, MBLY had $1.21 billion in cash, after spending $591 million (net of cash received) on the Mentee Robotics acquisition.
Gentex Corporation (GNTX - Free Report) reported first-quarter 2026 results on April 24. It posted adjusted earnings of 48 cents per share, which beat the Zacks Consensus Estimate of 44 cents by 8.28%. The figure increased 11.6% from 43 cents a year ago. Net sales came in at $675 million, topping the consensus mark of $647 million by 4.36%. Revenues rose 17.1% from $577 million in the year-ago quarter, aided by contributions from VOXX and a richer mix of advanced features.
Liquidity improved during the quarter. As of March 31, 2026, GNTX’s cash and cash equivalents were $164.8 million compared with $145.6 million as of Dec. 31, 2025. Short-term investments increased to $10.3 million from $5.4 million.
WGO's cheap valuation and 4.5% dividend yield make the contrarian case, but weak earnings, softer demand and lower guidance keep value-trap risk alive.
Key Takeaways WGO's 2026 outlook hinges on whether Motorhome RV strength can offset towable RV and marine weakness.Motorhome RV revenues rose 10.1% to $320.7M, with operating margin improving to 3% from negative 1.1%.Affordability pressure, cautious dealer ordering and weak big-ticket demand still weigh on Winnebago. Winnebago Industries, Inc. (WGO - Free Report) is navigating a split 2026 backdrop. Motorhome improvement is helping, but the broader outdoor recreation market remains pressured.
The key question is whether product breadth and brand expansion can outweigh weak discretionary demand. For now, investors have to balance a visible bright spot against still-fragile towable RV and marine trends.
Winnebago's Segmental SplitWinnebago’s business is organized around three reportable segments: Towable RV, Motorhome RV and Marine. That mix matters because the company is not moving through the cycle evenly.
Towable RV represented 45.2% of fiscal 2025 revenues, while Motorhome RV accounted for 43.7%. Marine contributed 11.1%, making it smaller but still relevant to earnings quality, dealer demand and the company’s broader outdoor recreation identity.
Thor Industries, Inc. (THO - Free Report) remains a direct RV peer because it also competes across towable and motorized recreational vehicles. Patrick Industries, Inc. (PATK - Free Report) adds a supply-chain lens, since its component exposure to RV and marine markets makes it sensitive to the same production and dealer-order trends affecting Winnebago.
WGO Finds Support in New ProductsWinnebago continues to lean on new products to defend share and broaden price-point coverage. In towables, the Access and Thrive platforms under the Winnebago brand and Grand Design’s Transcend Lite are aimed at expanding participation among buyers who remain price conscious.
The company is also refreshing the higher end of its portfolio. The ARKA off-grid adventure truck, updated Newmar offerings and Grand Design’s Worry-Free Roof technology support product differentiation in motorhomes and towables.
Marine is part of the same strategy. Barletta’s Sanza line creates a more accessible entry point into the brand while Barletta continues to build share in the U.S. aluminum pontoon segment.
Winnebago Gets a Lift From MotorhomesThe Motorhome RV segment is the clearest support point in Winnebago’s latest results. Segment revenues rose 10.1% year over year to $320.7 million in the fiscal third quarter of 2026.
The profit improvement was more important than the sales gain. Motorhome RV generated operating income of $9.6 million and a 3% operating margin, compared with an operating loss of $3.2 million and a negative 1.1% margin in the year-ago quarter.
Higher unit volume and selective price adjustments helped the segment, partly offset by higher input costs. Management also cited traction at Grand Design Motorized, execution at Newmar and broader share gains across key motorhome categories.
WGO Still Faces Demand HeadwindsThe bullish case still runs into a difficult retail backdrop. Consumers remain interested in outdoor recreation, but affordability pressure, cumulative inflation, elevated interest rates and uncertainty around geopolitical events are delaying big-ticket purchases.
Dealer behavior is another drag. Management pointed to more deliberate ordering, with dealers focused on inventory quality, carrying costs and retail sell-through rather than adding wholesale volume.
These pressures are showing up outside motorhomes. Towable RV revenues fell 26.1% year over year in the fiscal third quarter of 2026, while Marine revenues declined 8.3%. Both segments also saw lower operating margins as volume deleverage, product mix and higher input costs weighed on performance.
What Winnebago’s Stock Signals Say NowThe bottom line is that Winnebago has one meaningful operating bright spot, but the stock still carries a weak short-term profile. Motorhome strength gives WGO a recovery argument, while towables, marine and consumer affordability keep that argument from looking clean.
WGO currently carries a Zacks Rank #4 (Sell). The Value Score of A supports the view that valuation screens well, and the Growth Score of B and VGM Score of B are not dismissive of the company’s broader financial profile.
Image Source: Zacks Investment Research
The Momentum Score of D keeps the signal mix cautious. Since Zacks Style Scores are designed to complement the Zacks Rank, the unfavorable rank makes it harder to treat WGO’s valuation as enough on its own. Investors may need clearer evidence that motorhome strength can spread across the portfolio before becoming more constructive.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways WGO reported Q3 revenues of $698.7M and EPS of $0.66, missing estimates amid weak demand.WGO cut FY26 outlook as dealers stay cautious and demand weak, with focus on inventory discipline.WGO Motorhome improved, Towables stayed pressured, while Marine saw mixed demand trends. Winnebago Industries (WGO - Free Report) reported third-quarter fiscal 2026 results with continued demand softness, missing both top and bottom line estimates as consumers and dealers remained cautious. Revenues fell to $698.7 million, lagging the Zacks Consensus Estimate of $776.9 million by 10.1%. Adjusted EPS came in at $0.66, missing the consensus estimate of $0.82 by 19.5%.
Management emphasized disciplined production, cost control and portfolio repositioning as retail trends weakened through the quarter. While Motorhome improved, Towables and Marine remained pressured, prompting updated guidance and continued focus on inventory turns and affordability initiatives.
WGO Sees Softer Demand and Dealer Caution RiseCEO Michael Happe said that the quarter reflected sustained demand pressure driven by affordability constraints, elevated interest rates and macro uncertainty. He noted that consumer engagement in outdoor recreation remained intact, but purchase timing continued to shift later amid caution.
Happe emphasized that demand deteriorated as the quarter progressed, particularly from late March onward, with dealers remaining conservative on inventory intake. Management described the environment as one of limited near-term visibility.
The company also pointed to disciplined production alignment with retail demand as a central operating priority. Leadership stressed that protecting balance sheet strength and managing working capital remained key priorities.
Motorhome Shows Early Stabilization SignalsMotorhome RV emerged as the most constructive segment, with revenues rising year over year to $320.7 million. Operating income improved sharply to $9.6 million from a loss in the prior year period.
Management credited gains to Grand Design Motorized and Newmar execution, along with improving mix from product introductions. Happe highlighted retail share gains across multiple time horizons as evidence of improving competitive positioning.
CFO Bryan Hughes said Motorhome margin progress reflected both higher volumes and selective pricing actions. He expects continued efficiency gains and product refreshes to support improvement.
Towables Remain Under Pressure From PromotionsTowable RV remained the most challenged segment, with revenues falling to $274.7 million and operating margin compressing to 5.8%. Management attributed weakness to softer retail conditions and heightened promotional activity.
Happe noted that pricing adjustments tied to model year transitions occurred late in the quarter, while competitive intensity remained elevated. He also pointed to targeted pressure in higher-priced categories, particularly fifth wheels.
The Winnebago Towables portfolio showed early traction from newer products such as Thrive and Access. However, management acknowledged that dealer caution on inventory replenishment remained a meaningful headwind.
Marine Strength Anchored by Barletta Share GainsMarine performance declined year over year, with revenues falling to $92.4 million, though Barletta continued to gain share in the aluminum pontoon market. Trailing 12-month share reached 9.3% through April.
Happe said Barletta’s momentum reflected strong dealer relationships and continued product expansion, including the Sanza introduction. He added that demand remained more stable than RV but still below historical norms.
Chris-Craft performance remained steady, supported by resilient high-income consumers. Management characterized Marine demand as mixed but comparatively less volatile than towables.
Guidance Cut Indicates Softer DemandWinnebago updated its fiscal 2026 guidance, lowering expectations for revenues and earnings amid weaker demand visibility. The company now expects revenues between $2.65 billion and $2.75 billion.
Hughes said fourth-quarter sales are expected to decline sequentially and fall in the double digits year over year, driven by continued dealer inventory management. He expected margins to remain relatively stable due to cost actions offsetting volume deleverage.
Cash flow generation remains a key focus, with management highlighting further working capital improvement opportunities in the fiscal fourth quarter. Net leverage increased slightly to 3 times due to lower EBITDA.
Dealers Tighten Orders as Inventory Discipline IntensifiesAnalysts from Baird and Jefferies focused on dealer behavior and inventory discipline across the channel. Management confirmed dealers are prioritizing turns and cash flow over new inventory accumulation.
Happe described dealer sentiment as disciplined but cautious, with model year 2027 ordering slower than recent cycles. He emphasized that inventory quality and turns are now more important than shipment volume.
Pricing strategy was also a key focus in Q&A, with management noting variability across brands depending on cost pressure and competitive dynamics. Adjustments ranged from low single digits to high single digits, depending on segment conditions.
Operational Discipline and Cost Actions IntensifyManagement reiterated that cost containment and footprint optimization are accelerating across both RV segments. Hughes noted ongoing actions to reduce excess capacity and improve manufacturing efficiency into fiscal 2027.
Happe highlighted strategic sourcing initiatives aimed at lowering material costs and improving supplier alignment. He stressed that procurement scale and SKU harmonization remain central to margin defense.
The company also emphasized SG&A discipline, with cost reductions helping offset top-line pressure. Management framed these actions as critical to sustaining profitability through a prolonged demand cycle.
Closing Outlook Points to Controlled Positioning StrategyWinnebago leadership maintained that current conditions remain challenging but manageable through disciplined execution. The company continues to prioritize profitability over volume expansion across its portfolio.
Management reiterated focus on product innovation, affordability improvements and operational efficiency as key levers heading into fiscal 2027. Product launches were highlighted as long-term growth drivers.
Zacks Rank and Style ScoreWinnebago carries a Zacks Rank #4 (Sell) at present, reflecting ongoing estimate pressure following the earnings miss versus the Zacks Consensus Estimate. The company has a Value Score of A, a Growth Score of B, a Momentum Score of D and a VGM Score of B.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The combination of a weak momentum profile alongside stronger value and growth characteristics signals mixed near-term sentiment. The Zacks Rank remains sensitive to future estimate revisions, which may shift following updated guidance and post-earnings analyst adjustments.
Winnebago Industries, Inc. (WGO) Q3 2026 Earnings Call June 25, 2026 10:00 AM EDT
Company Participants
Joan Ondala
Michael Happe - CEO, President & Director
Bryan Hughes - SVP of Investor Relations, Finance, Information Technology and Business Development & CFO
Conference Call Participants
Craig Kennison - Robert W. Baird & Co. Incorporated, Research Division
Tristan Thomas-Martin - BMO Capital Markets Equity Research
Bret Jordan - Jefferies LLC, Research Division
Scott Stember - ROTH Capital Partners, LLC, Research Division
Noah Zatzkin - KeyBanc Capital Markets Inc., Research Division
Brandon Rollé - Loop Capital Markets LLC, Research Division
Gerrick Johnson - Seaport Research Partners
Presentation
Operator
Welcome to the Winnebago Industries Third Quarter Fiscal 2026 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference call is being recorded. I would now like to hand the call over to Joan Ondala, Vice President, Treasury and Investor Relations. Ms. Ondala, please go ahead.
Joan Ondala
Thank you, operator. Good morning, everyone, and thank you for joining us to discuss our fiscal 2026 third quarter results. This call is being broadcast live on our website at investor.wgo.net, and an audio replay of the call will be available on our website later today. The news release with our third quarter results was issued and posted to our website earlier this morning. Please note that the earnings slide deck, which accompanies our prepared remarks, is also available in the Investors section of our website under Quarterly Results.
Turning to Slide 2. Certain statements made during today's conference call regarding Winnebago Industries and its operations may be considered forward-looking statements under securities law. The company cautions you that forward-looking statements involve a number of risks and are inherently uncertain. A number of factors, many of which are beyond the company's control, could cause the actual results to differ materially from these statements. These factors are identified
Winnebago Industries (WGO - Free Report) reported $698.7 million in revenue for the quarter ended May 2026, representing a year-over-year decline of 9.9%. EPS of $0.66 for the same period compares to $0.81 a year ago.
The reported revenue represents a surprise of -10.07% over the Zacks Consensus Estimate of $776.91 million. With the consensus EPS estimate being $0.82, the EPS surprise was -19.76%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit deliveries - Marine - Boats: 1,155 versus the two-analyst average estimate of 1,218.Unit deliveries - Total Towable RV: 6,983 versus the two-analyst average estimate of 8,000.Unit deliveries - Total Motorhome RV: 1,533 versus the two-analyst average estimate of 1,606.Net Revenues- Motorhome RV: $320.7 million versus $347.2 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.Net Revenues- Marine: $92.4 million versus the three-analyst average estimate of $97.66 million. The reported number represents a year-over-year change of -8.2%.Net Revenues- Towable RV: $274.7 million compared to the $314.91 million average estimate based on three analysts. The reported number represents a change of -26.1% year over year.View all Key Company Metrics for Winnebago here>>>
Shares of Winnebago have returned -8.8% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
The motorhome maker posted a fiscal third-quarter profit of $14.5 million, or 51 cents a share, compared with $17.6 million, or 62 cents a share, in the same quarter a year ago.
Winnebago Industries (WGO - Free Report) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -19.76%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $0.25 per share when it actually produced earnings of $0.27, delivering a surprise of +8%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Winnebago, which belongs to the Zacks Building Products - Mobile Homes and RV Builders industry, posted revenues of $698.7 million for the quarter ended May 2026, missing the Zacks Consensus Estimate by 10.07%. This compares to year-ago revenues of $775.1 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Winnebago shares have lost about 32.7% since the beginning of the year versus the S&P 500's gain of 7.5%.
What's Next for Winnebago?While Winnebago has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Winnebago was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $783.67 million in revenues for the coming quarter and $2.31 on $2.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Mobile Homes and RV Builders is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Construction sector, West Fraser Timber Co. Ltd. (WFG - Free Report) , is yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.79 per share in its upcoming report, which represents a year-over-year change of -107.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
West Fraser Timber Co. Ltd.'s revenues are expected to be $1.46 billion, down 4.9% from the year-ago quarter.
-- Motorhome RV Sales, Profit Dollars and Profit Margins Improved Meaningfully Year Over Year --
-- Winnebago Towables Improved Share Results Through Product Refreshes and Execution --
— Barletta Continues to Expand Share of U.S. Aluminum Pontoon Market --
-- Company Updates Fiscal 2026 Guidance --
EDEN PRAIRIE, Minn., June 25, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today reported financial results for the Fiscal 2026 third quarter ended May 30, 2026.
Third Quarter Fiscal 2026 Financial Summary
Net revenues of $698.7 million compared to $775.1 million in the third quarter of Fiscal 2025Gross profit of $94.9 million, representing 13.6% gross margin, compared to $106.0 million in the third quarter of Fiscal 2025Net income of $14.5 million, or $0.51 per diluted share; adjusted earnings per diluted share of $0.66 compared to adjusted earnings per diluted share of $0.81 in the third quarter of Fiscal 2025Adjusted EBITDA of $37.8 million, representing 5.4% adjusted EBITDA margin CEO Commentary
“Our teams continue to execute in a retail environment that remained challenging through the third quarter,” said President and Chief Executive Officer Michael Happe. “Industry retail demand was pressured by broader macro factors, including elevated fuel costs, geopolitical uncertainty, and weak consumer confidence which continued to drive cautious dealer ordering and tighter inventory management across the channel. In response, we stayed disciplined, aligning production closely with retail while continuing to advance our key product, operational and cost initiatives.
“We're seeing a mixed demand environment across the portfolio. In Motorhome RV, sales, profitability and market presence continue to improve, supported by sustained performance at Grand Design Motorized and solid execution at Newmar. New product introductions, expanding brand presence and improved profitability continue to strengthen our standing in the segment. In Towables RV, category demand remained muted during the quarter, particularly at higher price points where competitive and promotional activity remained elevated. At the same time, our newer, more accessible offerings such as Thrive and Access contributed to improved retail dollar share and stronger year-over-year financial performance within our Winnebago-branded portfolio. These results reflect both dealer commitment to our strategy and the positive reception to our refreshed product lineup.
In Marine, Barletta continues to perform well, maintaining consistent market share gains, reaching 9.3% on a trailing twelve-month basis through April, despite softer volumes in the quarter. This performance reflects continued consumer interest in its premium pontoons and an expanding product lineup, including the recent Sanza introduction.
“We delivered solid SG&A improvement year-over-year, while continuing to invest in Grand Design Motorized, and advancing footprint rationalization and capacity alignment actions within our RV businesses. While industry retail pressure in the quarter slowed the pace of improvement in field inventory turns, our focus remains on driving sustainable progress, which will require continued discipline around shipments and production.
"One of the most encouraging aspects of our performance this quarter was the stability of our gross margins despite a challenging retail environment, reflecting the strength of our product mix, pricing discipline and operational execution. We have remained focused on profitable market share, while our higher average selling prices continue to support a more resilient retail dollar share position. We are executing against the levers we control including product, brand, cost structure, and inventory discipline, positioning the business to deliver improved performance as conditions evolve.”
Third Quarter Fiscal 2026 Results
Net revenues were $698.7 million, a decrease of 9.9% compared to $775.1 million in the third quarter of Fiscal 2025, driven primarily by lower unit volume, partially offset by selective price adjustments and product mix. Unit volume trends reflected growth in the Motorhome RV segment, partially offset by declines in the Towable RV and Marine segments, as dealer ordering remained measured and production levels were closely aligned to retail demand.
Gross profit was $94.9 million, a decrease of 10.5% compared to $106.0 million in the third quarter of Fiscal 2025. Gross profit margin was consistent with prior year as higher input costs and deleverage were largely offset by selective price adjustments.
Selling, general and administrative expenses were $66.5 million, a decrease of 5.4% compared to $70.3 million in the third quarter of Fiscal 2025, primarily due to cost reduction initiatives.
Operating income was $23.0 million, a decrease of 23.9% compared to $30.2 million in the third quarter of Fiscal 2025.
Net income was $14.5 million, compared to $17.6 million in the third quarter of Fiscal 2025. Reported earnings per diluted share was $0.51, compared to $0.62 in the third quarter of Fiscal 2025. Adjusted earnings per diluted share was $0.66, a decrease of 18.5% compared to $0.81 in the third quarter of Fiscal 2025.
Consolidated Adjusted EBITDA was $37.8 million, a decrease of 18.7%, compared to $46.5 million in the third quarter of Fiscal 2025.
Third Quarter Fiscal 2026 Segments Summary
Towable RV
Three Months Ended ($, in millions)May 30, 2026 May 31, 2025 Change(1) Net revenues$274.7 $371.7 (26.1)%Operating income$16.0 $29.7 (46.3)%Operating income margin 5.8 % 8.0 % (220)bps (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
Net revenues decreased primarily due to lower unit volume and a shift in product mix toward lower price-point models, partially offset by selective price adjustments.Operating income margin decreased primarily due to higher input costs, volume deleverage, and product mix, partially offset by selective price adjustments and cost containment initiatives. Motorhome RV
Three Months Ended($, in millions)May 30, 2026 May 31, 2025 Change(1)Net revenues$320.7 $291.2 10.1%Operating income (loss)$9.6 $(3.2) NMOperating income margin 3.0 % (1.1)% 410bps (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
NM: Not meaningful.
Net revenues increased primarily due to higher unit volume and selective price adjustments.Operating income margin increased primarily due to higher unit volume driven by new products and selective price adjustments, partially offset by higher input costs. Marine
Three Months Ended
($, in millions)May 30, 2026 May 31, 2025 Change(1)
Net revenues$92.4 $100.7 (8.3)%Operating income$5.3 $9.4 (43.4)%Operating income margin 5.8% 9.3% (350)bps (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
Net revenues decreased primarily due to lower unit volume and product mix, partially offset by selective price adjustments.Operating income decreased primarily due to higher input costs and volume deleverage, partially offset by selective price adjustments. Balance Sheet and Cash Flow
As of May 30, 2026, cash and cash equivalents totaled $57.1 million. The Company had total outstanding debt of $442.9 million ($450.0 million of debt, net of debt issuance costs of $7.1 million) and working capital of $411.6 million. Cash flow provided by operating activities during the nine months ended May 30, 2026 was $26.2 million compared to cash flow used in operating activities of $52.5 million during the same period last year. Operating cash flow improved by $78.7 million year over year, shifting from a use of cash in the prior-year period to a source of cash in the current year.
Quarterly Cash Dividend
On May 15, 2026, the Company’s Board of Directors approved a quarterly cash dividend of $0.35 per share payable on June 24, 2026, to common stockholders of record at the close of business on June 10, 2026.
Outlook
For calendar year 2026, Winnebago Industries now expects North American RV wholesale shipments in the range of 290,000 to 310,000 units. Based on this outlook, the current business environment, and results through the first nine months of the fiscal year, Winnebago Industries is updating its Fiscal 2026 revenue and EPS guidance as follows:
Consolidated net revenues in the range of $2.65 billion to $2.75 billion;Reported earnings per diluted share in the range of $1.05 to $1.40 compared to the Company's prior expectations for reported earnings per diluted share in the range of $1.50 to $2.20; andAdjusted earnings per diluted share guidance in the range of $1.65 to $2.00(1) compared to a prior range of $2.10 to $2.80. The Company’s outlook takes into account prevailing trends in the RV sector, including the impacts from current policy and trade environment, competitive dynamics, shifts in consumer preferences, and key macroeconomic factors that may influence overall demand.
“Our outlook reflects a measured view of the environment,” Happe said. “We expect demand conditions to remain challenged in the near term, with continued variability across segments. The actions we are taking across our portfolio, cost structure and product roadmap position us to manage through the cycle and improve the earnings profile of the business over time, including further operational and capacity initiatives expected to begin benefiting performance as we move through fiscal 2027.”
Q3 FY 2026 Conference Call
Winnebago Industries, Inc. will discuss third quarter of Fiscal 2026 earnings results during a conference call scheduled for 9:00 a.m. Central Time today. Members of the news media, investors and the general public are invited to access a live broadcast of the conference call and view the accompanying presentation slides via the Investor Relations page of the Company's website at http://investor.wgo.net. The event will be archived and available for replay for the next 90 days.
About Winnebago Industries
Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company’s common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the business outlook and financial guidance for Fiscal 2026. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general economic uncertainty in key markets and a worsening of domestic and global economic conditions or low levels of economic growth; availability of financing for RV and marine dealers and retail purchasers; competition and new product introductions by competitors; ability to innovate and commercialize new products; ability to manage our inventory to meet demand; risk related to cyclicality and seasonality of our business; risk related to independent dealers; risk related to dealer consolidation or the loss of a significant dealer; significant increase in repurchase obligations; ability to retain relationships with our suppliers and obtain components; business or production disruptions; inadequate management of dealer inventory levels; increased material and component costs, including availability and price of fuel and other raw materials; ability to integrate mergers and acquisitions; ability to attract and retain qualified personnel and changes in market compensation rates; exposure to warranty claims and product recalls; ability to protect our information technology systems from data security, cyberattacks, and network disruption risks and the ability to successfully upgrade and evolve our information technology systems; ability to retain brand reputation and related exposure to product liability claims; governmental regulation, including for climate change; increased attention to environmental, social, and governance matters, and our ability to meet our commitments; impairment of goodwill and trade names; risks related to our 2030 Convertible Notes and Senior Secured Notes, including our ability to satisfy our obligations under these notes; and changes in recommendations or a withdrawal of coverage by third party securities analysts. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission ("SEC") over the last 12 months, copies of which are available from the SEC or from the Company upon request. We caution that the foregoing list of important factors is not complete. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release or to reflect any changes in the Company's expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Winnebago Industries, Inc.
Footnotes to News Release Footnotes:
(1) Fiscal 2026 adjusted EPS guidance primarily excludes the pretax impact of intangible amortization of approximately $22 million.
Winnebago Industries, Inc.
Condensed Consolidated Statements of Income
(Unaudited and subject to reclassification)
Three Months Ended(in millions, except percent and per share data)May 30, 2026 May 31, 2025Net revenues$698.7 100.0% $775.1 100.0%Cost of goods sold 603.8 86.4% 669.1 86.3%Gross profit 94.9 13.6% 106.0 13.7%Selling, general, and administrative expenses 66.5 9.5% 70.3 9.1%Amortization 5.4 0.8% 5.5 0.7%Total operating expenses 71.9 10.3% 75.8 9.8%Operating income 23.0 3.3% 30.2 3.9%Interest expense, net 5.0 0.7% 6.7 0.9%Non-operating income — —% (0.4) (0.1)%Income before income taxes 18.0 2.6% 23.9 3.1%Income tax provision 3.5 0.5% 6.3 0.8%Net income$14.5 2.1% $17.6 2.3% Earnings per common share: Basic$0.51 $0.63 Diluted$0.51 $0.62 Weighted average common shares outstanding: Basic 28.3 28.0 Diluted 28.4 28.4 Nine Months Ended(in millions, except percent and per share data)May 30, 2026 May 31, 2025Net revenues$2,058.8 100.0% $2,020.9 100.0%Cost of goods sold 1,789.3 86.9% 1,755.0 86.8%Gross profit 269.5 13.1% 265.9 13.2%Selling, general, and administrative expenses 204.7 9.9% 212.1 10.5%Amortization 16.2 0.8% 16.7 0.8%Total operating expenses 220.9 10.7% 228.8 11.3%Operating income 48.6 2.4% 37.1 1.8%Interest expense, net 16.3 0.8% 19.3 1.0%Loss on note repurchase 0.8 —% 2.0 0.1%Non-operating income (0.3) —% (1.0) (0.1)%Income before income taxes 31.8 1.5% 16.8 0.8%Income tax provision 7.0 0.3% 4.8 0.2%Net income$24.8 1.2% $12.0 0.6% Earnings per common share: Basic$0.88 $0.43 Diluted$0.87 $0.42 Weighted average common shares outstanding: Basic 28.2 28.3 Diluted 28.4 28.4 Amounts in tables are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
In addition, percentages may not add in total due to rounding.
Winnebago Industries, Inc.
Condensed Consolidated Balance Sheets
(Unaudited and subject to reclassification)
(in millions)May 30, 2026 August 30, 2025Assets Current assets Cash and cash equivalents$57.1 $174.0Receivables, net 186.1 192.0Inventories, net 435.2 396.4Prepaid expenses and other current assets 32.9 29.8Total current assets 711.3 792.2Property, plant, and equipment, net 319.9 333.0Goodwill 484.2 484.2Other intangible assets, net 440.7 456.9Investment in life insurance 27.9 27.1Operating lease assets 37.2 41.6Other long-term assets 17.3 19.4Total assets$2,038.5 $2,154.4 Liabilities and Shareholders' Equity Current liabilities Accounts payable$113.5 $129.3Accrued expenses 186.2 197.8Total current liabilities 299.7 327.1Long-term debt, net 442.9 540.5Deferred income tax liabilities, net 11.4 5.9Unrecognized tax benefits 5.7 4.8Long-term operating lease liabilities 34.1 39.3Deferred compensation benefits, net of current portion 4.4 5.1Other long-term liabilities 5.9 7.0Total liabilities 804.1 929.7Shareholders' equity 1,234.4 1,224.7Total liabilities and shareholders' equity$2,038.5 $2,154.4 Winnebago Industries, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited and subject to reclassification)
Nine Months Ended(in millions)May 30, 2026 May 31, 2025Operating activities Net income$24.8 $12.0 Adjustments to reconcile net income to net cash provided by (used in) operating activities Depreciation 28.8 28.7 Amortization 16.2 16.7 Amortization of debt issuance costs 1.9 2.3 Last in, first-out ("LIFO") expense (2.4) (0.6)Stock-based compensation 15.8 12.2 Deferred income taxes 5.5 (0.7)Deferred compensation expense 0.5 — Loss on note repurchase 0.8 2.0 Asset impairment — 1.2 Restructuring and related costs 1.6 — Other, net (2.8) (1.2)Change in operating assets and liabilities, net of assets and liabilities acquired Receivables, net 6.0 (59.0)Inventories, net (36.3) (38.5)Prepaid expenses and other assets 4.0 7.2 Accounts payable (16.9) (15.8)Income taxes and unrecognized tax benefits (0.4) 4.3 Accrued expenses and other liabilities (20.9) (23.3)Net cash provided by (used in) operating activities 26.2 (52.5) Investing activities Purchases of property, plant, and equipment (16.8) (29.2)Proceeds from sale of property, plant, and equipment 5.4 2.1 Other, net 0.1 1.6 Net cash used in investing activities (11.3) (25.5) Financing activities Borrowings on long-term debt 3.0 15.3 Repayments on long-term debt (103.0) (175.2)Payments of cash dividends (30.1) (29.3)Payments for repurchases of common stock (1.7) (53.6)Other, net — 0.4 Net cash used in financing activities (131.8) (242.4) Net decrease in cash and cash equivalents (116.9) (320.4)Cash and cash equivalents at beginning of period 174.0 330.9 Cash and cash equivalents at end of period$57.1 $10.5 Supplemental Disclosures Income taxes paid, net$2.1 $2.3 Interest paid 13.3 17.3 Non-cash investing and financing activities Capital expenditures in accounts payable$1.4 $3.9 Dividends declared not yet paid 11.4 10.5 Increase in lease assets in exchange for lease liabilities: Operating leases 1.1 2.3 Finance leases — 0.2 Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Towable RV
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$274.7 $371.7 $(96.9) (26.1)%Operating income 16.0 5.8% 29.7 8.0% (13.8) (46.3)% Three Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeTravel trailer 5,274 75.5% 6,569 69.2% (1,295) (19.7)%Fifth wheel 1,709 24.5% 2,926 30.8% (1,217) (41.6)%Total Towable RV 6,983 100.0% 9,495 100.0% (2,512) (26.5)% Nine Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$830.5 $913.9 $(83.4) (9.1)%Operating income 38.2 4.6% 51.3 5.6% (13.1) (25.6)% Nine Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeTravel trailer 15,350 73.0% 16,034 68.7% (684) (4.3)%Fifth wheel 5,669 27.0% 7,302 31.3% (1,633) (22.4)%Total Towable RV 21,019 100.0% 23,336 100.0% (2,317) (9.9)% Dealer Inventory(3)May 30, 2026 May 31, 2025 Unit Change % ChangeUnits 18,721 17,747 974 5.5%
(1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
(2) Percentages may not add due to rounding differences.
(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.
Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Motorhome RV
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$320.7 $291.2 $29.5 10.1%Operating income (loss) 9.6 3.0% (3.2) (1.1)% 12.7 NM Three Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeClass A 219 14.3% 288 20.1% (69) (24.0)%Class B 517 33.7% 406 28.4% 111 27.3%Class C 797 52.0% 737 51.5% 60 8.1%Total Motorhome RV 1,533 100.0% 1,431 100.0% 102 7.1% Nine Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$933.9 $798.5 $135.3 16.9%Operating income (loss) 25.3 2.7% (7.0) (0.9)% 32.2 NM Nine Months EndedUnit deliveriesMay 30, 2026 Product Mix(2) May 31, 2025 Product Mix(2) Unit Change % ChangeClass A 705 16.2% 808 20.2% (103) (12.7)%Class B 1,416 32.5% 1,158 29.0% 258 22.3%Class C 2,234 51.3% 2,031 50.8% 203 10.0%Total Motorhome RV 4,355 100.0% 3,997 100.0% 358 9.0% Dealer Inventory(3)May 30, 2026 May 31, 2025 Unit Change % ChangeUnits 3,468 3,614 (146) (4.0)% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
(2) Percentages may not add due to rounding differences.
(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.
NM: Not meaningful.
Winnebago Industries, Inc.
Supplemental Information by Reportable Segment - Marine
(in millions, except unit data)
(Unaudited and subject to reclassification)
Three Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$92.4 $100.7 $(8.3) (8.3)%Operating income 5.3 5.8% 9.4 9.3% (4.1) (43.4)% Three Months EndedUnit deliveriesMay 30, 2026 May 31, 2025 Unit Change % ChangeBoats 1,155 1,254 (99) (7.9)% Nine Months Ended May 30, 2026 % of Revenues(1) May 31, 2025 % of Revenues(1) $ Change(1) % Change(1)Net revenues$264.1 $272.9 $(8.8) (3.2)%Operating income 14.3 5.4% 21.0 7.7% (6.6) (31.6)% Nine Months EndedUnit deliveriesMay 30, 2026 May 31, 2025 Unit Change % ChangeBoats 3,282 3,471 (189) (5.4)% Dealer Inventory(2,3)May 30, 2026 May 31, 2025 Unit Change % ChangeUnits 3,175 3,069 106 3.5% (1) Amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.
(2) Due to the nature of the Marine industry, this amount includes a higher proportion of retail sold units than our other segments.
(3) Data is based on the latest information available from our dealer partners and is subject to timing of reporting and other limitations.
Winnebago Industries, Inc.
Non-GAAP Reconciliation
(Unaudited and subject to reclassification) Non-GAAP financial measures, which are not calculated or presented in accordance with accounting principles generally accepted in the United States (“GAAP”), have been provided as information supplemental and in addition to the financial measures presented in the accompanying news release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the news release. The non-GAAP financial measures presented may differ from similar measures used by other companies.
The following table reconciles diluted earnings per share to Adjusted diluted earnings per share:
Three Months Ended Nine Months Ended May 30, 2026 May 31, 2025 May 30, 2026 May 31, 2025Diluted earnings per share$0.51 $0.62 $0.87 $0.42 Amortization(1) 0.19 0.19 0.57 0.59 Loss on note repurchase(1) — — 0.03 0.07 Asset impairment(1) — 0.04 — 0.04 Restructuring and related costs(1) — — 0.06 — Gain on sale of property, plant and equipment(1) — — (0.10) — Tax impact of adjustments(2) (0.04) (0.05) (0.12) (0.16)Adjusted diluted earnings per share(3)$0.66 $0.81 $1.31 $0.96 (1) Represents a pre-tax adjustment.
(2) The company's non-GAAP income tax impact is calculated using an estimated tax rate for the U.S. of 22.0% for Fiscal 2026 and 23.0% for Fiscal 2025.
(3) Per share numbers may not foot due to rounding.
The following table reconciles net income to consolidated EBITDA and Adjusted EBITDA.
Three Months Ended Nine Months Ended(in millions)May 30, 2026 May 31, 2025 May 30, 2026 May 31, 2025Net income$14.5 $17.6 $24.8 $12.0 Interest expense, net 5.0 6.7 16.3 19.3 Income tax provision 3.5 6.3 7.0 4.8 Depreciation 9.4 9.6 28.8 28.7 Amortization 5.4 5.5 16.2 16.7 EBITDA 37.8 45.7 93.1 81.5 Loss on note repurchase — — 0.8 2.0 Asset impairment — 1.2 — 1.2 Restructuring and related costs — — 1.6 — Gain on sale of property, plant and equipment — — (2.8) — Non-operating income — (0.4) (0.3) (1.0)Adjusted EBITDA$37.8 $46.5 $92.4 $83.7 Non-GAAP performance measures of Adjusted diluted earnings per share, EBITDA and Adjusted EBITDA have been provided as comparable measures to illustrate the effect of non-recurring transactions occurring during the reported periods and to improve comparability of our results from period to period. Adjusted diluted earnings per share is defined as diluted earnings per share adjusted for after-tax items that impact the comparability of our results from period to period. EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization expense. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation and amortization expense and other pretax adjustments made in order to present comparable results from period to period. Management believes Adjusted diluted earnings per share and Adjusted EBITDA provide meaningful supplemental information about our operating performance because these measures exclude amounts that we do not consider part of our core operating results when assessing our performance.
Management uses these non-GAAP financial measures (a) to evaluate historical and prospective financial performance and trends as well as assess performance relative to competitors and peers; (b) to measure operational profitability on a consistent basis; (c) in presentations to the members of our Board of Directors to enable our Board of Directors to have the same measurement basis of operating performance as is used by management in its assessments of performance and in forecasting and budgeting for the Company; (d) to evaluate potential acquisitions; and (e) to ensure compliance with restricted activities under the terms of our asset-backed revolving credit facility and outstanding notes. Management believes these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties to evaluate companies in our industry.
Winnebago Industries, Inc. (NYSE:WGO) will release earnings for its third quarter before the opening bell on Thursday, June 25.
Analysts expect the Eden Prairie, Minnesota-based company to report quarterly earnings of 78 cents per share, down from 81 cents per share in the year-ago period. The consensus estimate for Winnebago’s quarterly revenue is $758.18 million. It reported $775.1 million last year, according to Benzinga Pro.
On May 15, Winnebago announced a quarterly cash dividend of 35 cents per share.
Shares of Winnebago fell 1.2% to close at $28.32 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying WGO stock? Here’s what analysts think:
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Wall Street analysts forecast that Winnebago Industries (WGO - Free Report) will report quarterly earnings of $0.85 per share in its upcoming release, pointing to a year-over-year increase of 4.9%. It is anticipated that revenues will amount to $776.91 million, exhibiting an increase of 0.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Winnebago metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Net Revenues- Motorhome RV' will reach $347.20 million. The estimate indicates a change of +19.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Revenues- Marine' of $97.66 million. The estimate indicates a year-over-year change of -3%.
Analysts' assessment points toward 'Net Revenues- Corporate / All Other' reaching $11.07 million. The estimate suggests a change of -3.7% year over year.
The combined assessment of analysts suggests that 'Net Revenues- Towable RV' will likely reach $314.91 million. The estimate suggests a change of -15.3% year over year.
Analysts forecast 'Unit deliveries - Marine - Boats' to reach 1,218 . The estimate compares to the year-ago value of 1,254 .
Analysts expect 'Unit deliveries - Total Towable RV' to come in at 8,000 . The estimate compares to the year-ago value of 9,495 .
The average prediction of analysts places 'Unit deliveries - Total Motorhome RV' at 1,606 . Compared to the current estimate, the company reported 1,431 in the same quarter of the previous year.
View all Key Company Metrics for Winnebago here>>>
Shares of Winnebago have demonstrated returns of -2.3% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), WGO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting (the "Meeting") of shareholders of White Gold (the "Shareholders"). At the Meeting, Shareholders will be asked to approve, among other things, a special resolution approving the proposed Spin-Out (as defined below).
The record date for the determination of Shareholders eligible to attend and vote at the Meeting has been set as June 29, 2026, and the Meeting will be held on August 11, 2026.
"The setting of these dates mark an important step toward completing the proposed Spin-Out as we continue to advance and execute on our stated milestones including our recently commenced and largest ever diamond drill program, the upcoming maiden PEA, and more, which we believe have the potential to make 2026 a transformational year. The W2 spinout has been designed to unlock the value of our prospective critical mineral projects by creating a dedicated publicly listed vehicle, with shares to be distributed to White Gold shareholders. This will also allow White Gold to increase its focus on advancing our flagship gold project - one of Canada's highest-grade undeveloped open pittable resources, which remains open for growth - and pursue additional discoveries across our district-scale land package in the Yukon's prolific White Gold District," stated David D'Onofrio, Chief Executive Officer, White Gold Corp.
The Spin-Out
Further to its press release dated May 5, 2026, White Gold intends to undertake a reorganization transaction (the "Spin-Out") whereby it will, among other things, spin-out its portfolio of copper, molybdenum, tungsten and other critical mineral properties located in west-central Yukon (the "Critical Mineral Assets") into a wholly owned subsidiary, W2 Critical Minerals Corp. ("Spinco"). The Spin-Out will be completed by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (Ontario) and subject to the terms and conditions of the arrangement agreement (the "Arrangement Agreement") entered into by the Company and Spinco.
Following completion of the Spin-Out, the Critical Mineral Assets to be held by Spinco will include six properties: the Bridget Property; the Loonie Property; the Wolf Property; the Hunker Property; the Hayes Property; and the Toonie Property. These properties include several large-scale critical minerals targets prospective for Copper (Cu), Molybdenum (Mo), Tungsten (W), Antimony (Sb), Zinc (Zn) and Bismuth (Bi). The Spin-Out is designed to unlock the value of White Gold's non-gold project portfolio.
Pursuant to the terms of the Arrangement Agreement, the Company will, among other things, transfer its interests in the Critical Minerals Assets to Spinco in exchange for common shares of Spinco ("Spinco Shares") and distribute Spinco Shares to the holders of common shares of the Company ("WGO Shares") on the basis of one Spinco Share for every five WGO Shares held by each Shareholder immediately prior to the effective date of the Spin-Out. There will be no change in the Shareholders' holdings in the Company as a result of the Spin-Out. Following completion of the Spin-Out, the Company is expected to hold an approximately 19% ownership interest in Spinco.
The Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange (the "TSXV") and court approval, as well as approval by not less than two-thirds of the votes cast at the Meeting. Spinco intends to apply to list the Spinco Shares on the TSXV shortly following completion of the Spin-Out. Readers are cautioned that, while Spinco intends to pursue a listing on the TSXV, an application for listing has not been submitted and completion of a listing is subject to regulatory approvals and the satisfaction of all of the applicable listing requirements of the TSXV. There can be no assurance that a listing will be completed, and Spinco may elect not to proceed with a listing at any time in its sole discretion.
The Spinco Financing
In connection with the Spin-Out, Spinco intends to complete a private placement of up to 20 million subscription receipts of Spinco (the "Subscription Receipts") at a price of $0.25 per Subscription Receipt for gross proceeds of up to $5 million (the "SpinCo Financing"). On closing of the Spin-Out, the Subscription Receipts will automatically convert into Spinco Shares. Pending the closing of the Spin-Out, the proceeds from the sale of the Subscription Receipts will be held in escrow by a trust company and released to Spinco on closing of the Spin-Out. Completion of the Spinco Financing is a condition of the completion of the Spin-Out and Spinco intends to use the net proceeds of the Spinco Financing for exploration and advancement of the Critical Mineral Assets, as well as general corporate and working capital purposes.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the "United States" (as such term is defined in Regulation S under the U.S. Securities Act), and may not be offered or sold in the United States unless registered under the U.S. Securities Act and the securities laws of any applicable state of the United States or an exemption from such registration requirements is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additional details relating to the Spin-Out, Spinco, Spinco Financing and other Meeting matters will be included in the management information circular in respect of the Meeting to be filed and delivered to Shareholders in connection with the Meeting. Copies of the management information circular and related meeting materials will also be filed with the applicable Canadian securities regulators and available on the Company's profile on SEDAR+ (www.sedarplus.ca).
Figure 1
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Critical Minerals Portfolio Overview (Figure 1)
Regional Setting -- The Dawson Range and Critical Mineral Belt
The Dawson Range is an east-southeast-trending mountain belt that hosts numerous significant mineral deposits and prospects along the Minto-Carmacks copper belt, including the Casino copper-gold porphyry deposit in the west owned by Western Copper and Gold. In the southeast near the community of Carmacks, the Minto mine owned by Selkirk Copper Mines Inc..(1)(2) contains indicated resources of 12,588,000 Mt grading 1.203 per cent Cu, 0.461 g/t Au, 1,728 ounces Ag for 333.8 Mlb copper, 186,600 oz gold, and 1,728,000 ounces silver and inferred resources of 23,658,000 t grading 1.048 per cent Cu, 0.387 g/t Au, 3.9 g/t Ag for 546.8 Mlb copper, 294,700 ounces gold and 2,968.1 ounces silver(3)(2). It also hosts the Carmacks Copper project, which contains measured and indicated resources of 36.25 Mt grading 0.81 per cent Cu, 3.25 g/t Ag, 0.26 g/t Au for 651 Mlb of copper, 3.79 M ounces silver and 302,000 ounces of gold, owned by Cascadia Minerals Ltd(4)(2). Both deposits are interpreted as metamorphosed copper-gold-silver porphyry systems. Porphyry deposits in the Dawson Range occur in two principal age groups: Late Triassic (for example, Minto, Carmacks) and Late Cretaceous (for example, Casino, Cash, Revenue). In addition to porphyry-style mineralization, the Dawson Range also hosts epithermal, skarn and polymetallic to gold-dominant veins, breccias and fracture zones. Owing to this diverse and prospective mineral endowment, the region has attracted increasing attention and investment in recent years from both junior and major mining companies.
The Critical Mineral Assets to be transferred to SpinCo in connection with the Spin-Out include six properties that collectively represent a pipeline of advanced to early stage critical mineral exploration opportunities across multiple metallogenic belts in Yukon. Highlights include:
Figure 2
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Bridget Property - Bridget Target (Mo-Cu-W-Bi-Ag)
A large untested porphyry system in the White Gold District
The Bridget target is a district-scale molybdenum-copper porphyry anomaly spanning 3 km by 3.5 km that has never been diamond drill tested. The soil geochemical footprint of the anomaly is characterized by Mo-in-soil values as high as 321.9 ppm Mo, including 278.9 ppm Mo, 265.4 ppm Mo, 263.5 ppm Mo, 257.2 ppm Mo, and 253.3 ppm Mo with over 400 additional samples returning values greater than 20 ppm Mo. Across the target, anomalous Cu-in-soil values exceeding 100 ppm Cu are common with the most significant enrichment occurring at the core with values as high as 710.1 ppm Cu, including 662.6 ppm Cu, 594.7 ppm Cu, 492.9 ppm Cu, 406 ppm Cu observed over a roughly 900 m x 900 m area. Other notably enriched critical minerals include tungsten (W), with the highest concentrations observed in the northern half of the target area, where soil sampling has yielded values up to 101 ppm W; a critical mineral of growing strategic importance. Secondary metals including bismuth, silver, lead, and zinc are concentrated along two major crustal-scale dextral transpressional faults that transect the margins of the system representing a peripheral epithermal expression of the porphyry system.
Follow-up prospecting has confirmed bedrock mineralization, with molybdenite directly identified in quartz veins across the target. Rock samples define a coherent porphyry-style metal zonation: a Cu-Mo-Bi core characterized by Mo-dominant quartz veins returning up to 3,650 ppm Mo, including 3,060 ppm Mo, 2430 ppm Mo in mineralized gneisses and schists, pyrite-bearing white quartz veins returning 532 ppm Mo and 234 ppm Cu, and trench samples up to 1,854 ppm Cu. Bismuth reaches 2,000 ppm in altered gneiss with 1,571 ppm Mo, and 836 ppm Bi in a quartz vein cutting hornblende gneiss. The peripheral zones carry the distal metal signature typical of large porphyry systems: a quartz-galena vein in orthogneiss returned 30.4 ppm Ag and 3,861 ppm Pb, while sampling along the margins of a rhyolite dyke returned 560 ppm W alongside elevated silver and lead.
Two rounds of induced polarization geophysics surveys, completed in 2023 and 2025, have moved Bridget from a geochemical anomaly into a drill-ready target. The 2023 survey identified five chargeability anomalies beneath the Cu-Mo-Bi core, with the most compelling centered at depths of at least 250 m, more than 180 m deeper than the maximum depth reached by the Company's 2018 shallow RAB program. Those holes, limited to 70 m vertical depth with several failing to reach target depth, still intersected molybdenum mineralization: hole PEDBRGRAB18-009 returned 622.3 ppm Mo over 1.5 m from 12.2 m and 631.9 ppm Mo over 1.5 m from 30.5 m. A 2025 ten-line gradient IP survey supplemented by a single Dipole-Dipole survey across the center of the anomaly has confirmed the results of the 2023 survey while adding additional targeting opportunities in the northwestern and southeastern margins of the anomaly.
The Bridget target sits within the Dawson Range mineral belt, transected by the Sixtymile River Fault and Big Creek Fault, the same fault corridors associated with major porphyry and epithermal systems in the region. An initial technical report on this property will be filed in connection with the Spin-Out.
Loonie property -- Guilder target
A 3.5 km anomaly interpreted as the extension of a copper-gold prospect now supported with IP geophysics
The Guilder target occupies the north-central portion of the Loonie property, approximately 50 km south of Dawson City, and is interpreted as the northwestern strike extension of a copper-gold prospect. The connection is supported by a continuous 3.5 km long, arcuate Cu-Mo-Au-Zn-Pb soil anomaly that trends northwest-southeast across both properties and displays a classic metal zonation: gold-dominant at the northwestern end, transitioning to copper-dominant, with lead and zinc forming a peripheral halo around the copper core.
Prospecting has uncovered malachite and chalcocite mineralization hosted by quartz-feldspar-biotite schist near an augen gneiss contact. Rock samples from this showing returned 1,115 ppm Cu and 6.1 g/t Ag, confirming that meaningful copper and silver grades exist at surface.
In 2025, White Gold completed a 13-line gradient IP survey with a single dipole-dipole line across the Guilder target. Preliminary results have confirmed the presence of a central chargeability anomaly and a second anomalous zone to the south, suggesting subsurface conductors are present beneath the surface copper geochemistry. Interpretation is ongoing and will be used to define priority drill targets. The Guilder target is an early-stage, drill-ready target.
Wolf property -- Aries and Taurus targets
The Aries target on the Wolf property is an interpreted porphyry system that is characterized by a central zone of copper and molybdenum anomalies, surrounded by a large peripheral zone enriched in bismuth, arsenic, lead and zinc. This forms a footprint measuring approximately four km in length (northeast-southwest) and three km in width (northwest-southeast). To the northeast, the Aries target transitions from a gold-dominant system into a potential porphyry system. This area's molybdenum-in-soil values reach as high as 51.4 ppm, with the bulk of the anomaly showing values above 5 ppm. Copper-in-soil values peak at 923.9 ppm, with notable results such as 637.8 ppm, 630.8 ppm and 600.6 ppm Cu, located near areas enriched in arsenic and bismuth. Previous drilling on the property has been gold-focused and the property remains largely untested and prospective for several critical minerals including Mo and Cu.
The Wolf property is located east of the White River, approximately 120 km south-southwest of Dawson City and 35 km west of the White Gold project. Two main target areas have been identified on the property, the Aries and Taurus targets. The area is predominantly underlain by hornblende-biotite diorite intruded by medium-grained and megacrystic K-feldspar granites. These intrusions are associated with widespread biotite and potassic alteration, which are key indicators of potential porphyry mineralization.
To the north and northeast, the property is underlain by Late Cretaceous Carmacks volcanic units, including andesite and basalt flows, and siliciclastic basal conglomerates. Cu-Mo enrichment appears to be localized along the contact between these volcanic units and the adjacent granites while gold mineralization is concentrated in the southwestern part of the property (Taurus target) in shreddy biotite and k-spar altered hornblende-biotite diorites. The Taurus target features a gold-in-soil anomaly that spans approximately two km long by 0.5 km wide, with gold values reaching 358 ppb Au. The anomaly has an arcuate shape, trending east-west in the southwest and curving northeast-southwest to the east. GT Probe bedrock sampling returned gold values up to 1.22 g/t Au, with several samples exceeding 0.5 g/t Au. In 2023 RAB drilling of the target returned gold values of up to 0.81 g/t Au over 15.24 m from 19.81m (hole WLFTRS23RAB002) including 6.55 g/t Au over 1.52 m, along with 0.32 g/t Au over 30.47 m) from 13.72 m in hole WLFTRS23RAB002.
Hunker Property - Boxcar, Bum & Mint Pup Targets (Cu-Ag-Au-Pb-Zn)
Three distinct copper occurrences in the heart of the Klondike.
Situated in the historically productive Klondike Gold Fields roughly 25 km southeast of Dawson City, the northern portion of the Hunker property hosts three separate copper occurrences - the Boxcar, Bum, and Mint Pup targets - that together define a district-scale copper-silver system that has seen abundant surface sampling but almost no systematic follow-up exploration.
The Boxcar target is interpreted as a Besshi-type volcanogenic massive sulphide (VMS) system hosted within a northwest-trending fault zone. Trenching has encountered significant multi-metal mineralization, including up to: 33.19 g/t Ag, 2.32% Cu, 1.78% Pb, and 0.30% Zn over 0.5 m, and 221.99 g/t Ag, 3.76% Cu, 14.4% Pb, and 0.24% Zn over 1.0 m. A 2021 prospecting sample from the fault zone returned copper exceeding 10,000 ppm alongside 8,937 ppb Pb, 5,279 ppm Zn, and anomalous cobalt and silver, associated with malachite, azurite, copper wad, goethite, hematite, and suspected cassiterite - a mineralogical assemblage pointing to a well-preserved, near-surface system that warrants structural and geophysical follow-up.
The Mint Pup target is the largest of the three primary anomalies; a broad Cu-Au soil anomaly measuring approximately 2.4 km by 3.0 km straddling the ridges between Gold Bottom Creek and Hunker Creek, with gold-in-soil values up to 1,096 ppb Au and copper-in-soil up to 475.9 ppm Cu. GT-Probe bedrock sampling returned values to 1.195 ppm Au, with a 90 m section of 19 consecutive samples all grading above 0.02 ppm Au.
The Hunker property sits within one of the more productive placer gold drainages in the Klondike, where Hunker Creek and its tributaries - including Gold Bottom Creek - have produced more than 1.8 million crude ounces of gold since 1897 (van Loon, 2019). The diversity of copper, silver, lead, zinc, and gold mineralization styles across the Boxcar, Bum, and Mint Pup targets points to a geochemically complex, multi-element system that has never been systematically explored at depth.
Hayes Property - Isaac Target (Cu-Mo-Ag-Zn-Pb-Bi-W-Li)
Porphyry geochemical zonation across a 3.3 km footprint. Eight drill targets identified.
The Isaac target sits 38 km east of the Casino copper-gold deposit and is associated with Late Cretaceous Prospector Mountain suite intrusives. Soil sampling across >1500 samples defines a geochemically zoned multi-element anomaly spanning approximately 3.3 km east-west by 2.5 km north-south, with a Bi-As-Cu-Mo-enriched core of roughly 1,200 m by 650 m surrounded by a broad halo of anomalous silver, lead, and zinc.
Anomalous copper-in-soils occurs in the southern portion of the core, and a relatively small area of anomalous molybdenum occurs near the core's northern margin. Within the peripheral halo, silver-in-soil values range from 1 ppm Ag to as high as 16.9 ppm Ag, including 12.3 ppm Ag, 12.2 ppm Ag, 11 ppm Ag, 10.2 ppm Ag, 9.8 ppm Ag, while values > 3 ppm Ag are very common. Also, within this halo, lead-in-soil values occur as high as 3310.4 ppb Pb including 957.5 ppm Pb, 832.8 ppb Pb, 748 ppm Pb, 689.1 ppb Pb, with associated zinc-in-soil values as high as 1747 ppb Zn including 1360 ppm Zn, 1137 ppm Zn, 941 ppm Zn, 763 ppm Zn, 729 ppm Zn, and 713 ppm Zn.
Prospecting across the target in 2022 returned chalcopyrite and galena in direct association across multiple rock types, confirming primary sulphide mineralization at surface. The strongest 2022 sample, from chlorite-altered brecciated biotite-feldspar-quartz gneiss with disseminated cpy-gn in a zone of epidote veining, returned 106 ppm Mo, 731 ppm Cu, 27.3 ppm Ag, 1,048 ppm Pb, and 3,100 ppm Zn. Other notable 2022 results include a py-gn-cpy mineralized silicified rhyolite returning 20.6 ppm Ag and 2,625 ppm Pb, and a silicified felsic dyke with fresh chalcopyrite returning 814 ppm Cu and 16.7 ppm Ag. Lithium is elevated broadly across the target with multiple rock samples returning values exceeding 800 ppm Li, including two samples returning over limits of greater than 2,000 ppm Li hosted in diorite, gneiss, and rhyolite. Follow-up gridded rock sampling across 88 samples in 2024 validated the 2022 results and returned values up to 67 ppm Mo from a diorite intrusion, 459 ppm Cu, 1,954 ppm Zn, 3,778 ppb Ag, 345 ppm Bi, and 117 ppm W. Stockwork veining is described across multiple stations and fluorite has been identified in silicified rhyolite. Hyperspectral analysis of 2022 rock samples identified phyllic and potassic alteration in the core with propylitic overprinting on the southern margins.
In 2023, two deep-penetrating IP-resistivity lines delineated eight discrete chargeability anomalies beneath the target. The Isaac target has never been drilled.
Toonie Property - Deux Target (Au-Cu-Zn-Mo-Ag)
RAB drilling has confirmed broad multi-element mineralization in all four holes. Prospective porphyry signatures identified.
The Toonie property lies approximately 45 km south-southeast of Dawson City and is predominantly underlain by Late Cretaceous Carmacks volcanic rocks; a package that has increasingly been recognized as a host for copper and polymetallic mineralization across the region. Exploration on the Deux target has progressed through two systematic phases.
In 2018, initial GT Probe sampling outlined a broad but coherent, low-level multi-element surface anomaly (0.258 g/t Au, 4.6 g/t Ag, 412 ppm Cu, 1,663 ppm Zn, 843 ppm Pb, and 71 ppm Mo), spatially associated with resistivity boundaries and interpreted structural controls in the volcanic package. A follow-up 2023 RAB drilling program confirmed widespread, shallow multi-element mineralization in all four holes. Hole TOODEU23RAB001 returned 24.4 m of 0.235 g/t Au and 525.4 ppm Cu from surface, including 6.1 m grading 0.327 g/t Au and 598.3 ppm Cu, plus a separate 4.57 m interval with 3,525 ppm Zn. Hole TOODEU23RAB003 intersected 76.2 m averaging 386 ppm Cu, with individual samples up to 676.4 ppm Cu and 2,368 ppm Zn, demonstrating the scale of the copper-zinc system.
Quartz veining, sericite and chlorite alteration, and oxidized fractures are most common in intervals carrying the strongest copper and zinc values. Geochemical work on the Carmacks volcanic units indicates porphyry-style prospectivity and a zoned metal pattern, with an Au-Mo-Cu core and more distal Zn-Pb-Ag, consistent with a buried intrusion-related system. Although gold remains the primary focus, the broad Cu-Zn intervals provide a strong critical-minerals rationale for including Toonie in the Spin-Out as an early-stage, drill-ready Au-Cu-Zn target.
Qualified Person
Steven Walsh, P.Geo. and Senior Geologist for the Company is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
About White Gold Corp.
The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 km2) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold project hosts four near-surface gold deposits which collectively contain resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(5)(6). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.0.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces gold(7)(2), and Western Copper and Gold Corporation's Casino project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper(1)(2). For more information visit www.whitegoldcorp.ca.
(1) See Western Copper and Gold Corporation technical report titled "Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada", Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.
(2) The QP has been unable to verify the information. The information is not necessarily indicative to the mineralization on the properties that are subject of the disclosure.
(3) See December 1, 2025 News Release "Selkirk Copper Announces Initial Drill Results - Successfully Expands Minto North West Zone with a High-Grade Intercept of 5.21% Cu, 0.47 g/t Au, 26.68 g/t Ag over 8.7m within a broader zone of 2.39% Cu, 0.32 g/t Au and 11.61 g/t Ag over 23.4 m in drill hole 25SCM001.
(4) See Cascadia Minerals New Release dated June 9, 2025 "Cascadia Minerals and Granite Creek Copper Announce Merger to Create a Leading Yukon Copper-Gold Exploration and Development Company".
(5) See October 6, 2025 News Release "White Gold Corp. Files Technical Report Demonstrating Significant 44% Increase in Indicated Resources to 1,732,300 oz Gold (35.2 million tonnes grading 1.53 g/t) and 13.4% Increase in Inferred Resources to 1,265,900 oz Gold (32.2 million tonnes grading 1.22 g/t) at its Flagship White Gold Project, Yukon, Canada" https://www.whitegoldcorp.ca/news/white-gold-corp-files-technical-report-demonstrating-significant-44-increase-in-indicated-resources-to-1732300-oz-gold-352-million-tonnes-grading-153-gt-and-134-increase-in-inferred-resources-to-1265900-oz-gold-322-million-ton.
(6) All numbers are rounded. Overall numbers may not be exact due to rounding.
(7) See Fuerte Metals press release titled "Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont Corporation" dated September 15, 2025.
Cautionary Note Regarding Forward Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the Spin-Out, including the basis of the Spin-Out, the terms of the Spinco Financing, the receipt of the required shareholder, regulatory, court and stock exchange approvals in connection with the Spin-Out, listing of the Spinco Shares, the anticipated benefits of the Spin-Out, the assets to be transferred to Spinco in connection with the Spin-Out; the exploration and development potential of the assets to be transferred to Spinco; the Company's retained interest in Spinco; the date of the Meeting and the record date for the Meeting; and anticipated strategic and growth opportunities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, completion of the Spin-Out, including completion of the Spinco Financing and the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Spin-Out; that the anticipated benefits of the Spin-Out will be realized; that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain shareholder, regulatory, court or stock exchange approvals in connection with the Spin-Out; failure to complete the Spinco Financing; failure to realize the anticipated benefits of the Spin-Out or implement the business plan for Spinco; the diversion of management time on transaction-related issues; expectations regarding negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approval.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Wall Street analysts expect Winnebago Industries (WGO - Free Report) to post quarterly earnings of $0.25 per share in its upcoming report, which indicates a year-over-year increase of 31.6%. Revenues are expected to be $625.03 million, up 0.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Winnebago metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Net Revenues- Motorhome RV' to come in at $235.66 million. The estimate indicates a change of 0% from the prior-year quarter.
Analysts predict that the 'Net Revenues- Marine' will reach $84.83 million. The estimate indicates a year-over-year change of +3.8%.
The collective assessment of analysts points to an estimated 'Net Revenues- Corporate / All Other' of $14.75 million. The estimate points to a change of +0.3% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Revenues- Towable RV' will likely reach $288.78 million. The estimate indicates a year-over-year change of +0.2%.
Analysts' assessment points toward 'Unit deliveries - Marine - Boats' reaching 1,125 . The estimate compares to the year-ago value of 1,046 .
The average prediction of analysts places 'Unit deliveries - Total Towable RV' at 7,218 . The estimate is in contrast to the year-ago figure of 7,225 .
Based on the collective assessment of analysts, 'Unit deliveries - Total Motorhome RV' should arrive at 1,015 . Compared to the present estimate, the company reported 1,144 in the same quarter last year.
View all Key Company Metrics for Winnebago here>>>
Shares of Winnebago have experienced a change of -28% in the past month compared to the -3.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), WGO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
