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Recreational Vehicles Maker Thor Industries Cuts FY24 Forecast Amid Industry Challenges, Stock Dips

Thor Industries, Inc. (NYSE:THO) shares are trading lower on Wednesday. The company reported third-quarter earnings per share of $2.13, beating the street view of $1.80. Thor Industries registered quarterly sales of $2.80 billion, beating the street view of $2.727 billion. “On a year-over-year basis, our fiscal third quarter saw a consolidated net sales decline of 4.4% while net income before taxes decreased just 20 basis points as a percentage of sales,” said Todd Woelfer, Senior Vice President and Chief Operating ...