Winnebago Industries expecting net revenue to be significantly lower, release preliminary 3rd quarter earnings
EAGAN, MINNESOTA — Winnebago Industries released preliminary third quarter financial results this morning ahead of the company’s appearance at a consumer technology and services sector conference in New York City.
The outdoor lifestyle products manufacturer with factory locations in Forest City, Lake Mills, Charles City and Waverly says they expect net revenues of about $775 million. That’s lower than $786 million reported in the same quarter in 2024 and $900.8 million in the third quarter of 2023.
Winnebago president and CEO Michael Happe says in a written statement that what began as an encouraging selling season in March was hampered by growing macroeconomic uncertainty, resulting in worsening consumer sentiment and an increasingly cautious dealer network in the final two months of the quarter.
Happe says while market pressures have been observed across the company’s portfolio, they’ve been the most acute in the Winnebago Motorhomes unit, and he says as a result, they expect net revenue over the last two quarters of fiscal year 2025 to be significantly lower than previously anticipated.
Winnebago recently announced the layoffs of about 200 employees at their factory locations. The company will release full third quarter results on June 25th.
