Winnebago Industries, Inc., a manufacturer of outdoor lifestyle products, is set to announce its third quarter fiscal 2023 financial results on June 21, before the market opens. The announcement will be followed by a conference call to discuss the financial results at 9 a.m. CT.
The event will be accessible live via the company’s website and will be archived for replay for up to a year.
This announcement comes at a time when the RV industry seems to be witnessing a surge in optimism, as indicated by the recent performance of Winnebago’s stock and that of its rival, Thor Industries Inc.
Winnebago’s shares rose up 4.9% on Tuesday, following Thor’s significant earnings beat.
Thor’s stock increased 12.4% towards the biggest one-day gain since April 6, 2020, after the company reported a fiscal third-quarter adjusted profit per share that was more than double what was expected, leading to an uplift in its full-year earnings outlook.
Winnebago has a history of beating both adjusted profit and sales expectations for the past 15 quarters. However, the stock has seen a decline on the day after results were reported nine times, including after the last three earnings reports. Despite this, year to date, Winnebago shares have rallied 14.5%, while Thor shares have risen 17.8%, outpacing the S&P 500’s advance of 11.2%.
Winnebago Industries, known for its quality motorhomes, travel trailers, fifth-wheel products, pontoons, outboard and sterndrive powerboats, and commercial community outreach vehicles, has multiple facilities in Iowa, Indiana, Minnesota, and Florida.
The company operates under the Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta brands, primarily used in leisure travel and outdoor recreation activities.
The upcoming financial results announcement will provide further insights into the company’s performance. All interested parties are invited to tune in to the live event or access the replay on the company’s investor relations website.
