Winnebago Industries Shares Rise Despite Fourth Quarter Earnings Miss

Winnebago Industries (WGO) saw its stock price rise over 7% following its fiscal fourth-quarter earnings report, despite missing analyst expectations on both top and bottom lines. The company reported non-GAAP earnings of $0.49 per share on sales of $645.1 million, falling short of the predicted $0.51 per share and $665.3 million in revenue. GAAP earnings saw a significant decline of 31% to $0.34 per share. Despite the quarterly miss and a 17% year-over-year decline in Q4 sales, investor sentiment appears driven by full-year performance and future guidance. Full-year revenue declined only 3% to $2.7 billion, while annual earnings per share grew 33% to $1.21. Management provided optimistic guidance for the upcoming year, forecasting sales of at least $2.65 billion and potential earnings per share as high as $1.50.

By Rich Smith · Motley Fool ·

Winnebago Industries Shares Rise Despite Fourth Quarter Earnings Miss

Tickers: $WGO

Topics: earnings miss financial guidance revenue decline stock price movement

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