Winnebago Industries, Inc. has reported its financial results for the first quarter of fiscal 2025. The company's revenues for the quarter were $625.6 million, reflecting a decrease of 18.0% compared to the first quarter of the previous year. Gross profit was $76.8 million, representing a 33.7% decrease from the same period last year. The net loss per diluted share was $0.18, while the adjusted net loss per diluted share was $0.03.
The company's operating expenses increased to $77.7 million, up 1.3% from the first quarter of the previous year. Winnebago Industries reported an operating loss of $0.9 million, compared to an operating income of $39.1 million in the first quarter of the prior year. The net loss for the quarter was $5.2 million, in contrast to a net income of $25.8 million in the first quarter of the previous year.
In terms of segment performance, the towable RV segment saw its net revenues decrease by 23.2% compared to the same period last year, while the motorhome RV segment experienced an 18.7% decrease in net revenues. However, the marine segment showed a 3.6% increase in net revenues.
Looking at the company's outlook for fiscal 2025, Winnebago Industries reaffirmed its expectation for consolidated revenues in the range of $2.9 billion to $3.2 billion. The company narrowed its fiscal 2025 reported EPS and adjusted EPS outlook, with reported earnings per diluted share now expected to be $2.50 to $3.80, and adjusted earnings per share projected to be $3.10 to $4.40.
The company also highlighted its strategic focus on disciplined production, effective cost management, and targeted investments in new products and technologies. Winnebago Industries remains confident in its strong positioning and long-term growth potential, citing encouraging retail trends in October and increasing consumer confidence as positive indicators of strengthening demand.
Additionally, the company executed share repurchases of $30.0 million during the first quarter and approved a quarterly cash dividend of $0.34 per share.
Winnebago Industries will be discussing its first quarter fiscal 2025 earnings results during a conference call scheduled for 9:00 a.m. central time today. As a result of these announcements, the company's shares have moved -2.9% on the market, and are now trading at a price of $50.41. For more information, read the company's full 8-K submission here.
