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Recreation Products Maker Winnebago Struggles In Q3 With Lower Earnings, But New Product Launches Offer Hope: Details

Winnebago Industries, Inc. (NYSE:WGO) shares are trading lower after reporting third-quarter results. The company reported quarterly earnings per share of $1.13, missing the street view of $1.34. Quarterly revenues of $786.0 million missed the analyst consensus of $806.13 million. Revenues fell 12.7% year over year, driven by product mix and lower volume related to market conditions. Gross profit was $118.2 million, a decrease of 22.0% in the year-ago period. Gross profit margin decreased 180 basis points to ...