Q2 2025 Winnebago Industries Inc Earnings Call Transcript
Key Points
- Winnebago Industries Inc (WGO) reported sequential profitability improvements, driven by operating, pricing, and cost improvements in the Towable and Motorhome RV segments.
- The company is leveraging innovation as a strategic differentiator, with new product launches like the Grand Design's Lineage brand and Newmar's expanded model lineup.
- Winnebago Industries Inc (WGO) has a strong balance sheet, enabling it to fund organic growth, pursue acquisitions, and return capital to shareholders through dividends and repurchases.
- The Barletta brand increased its market share by 140 basis points to 9.5%, becoming the fastest-growing US aluminum pontoon brand in marine history.
- Winnebago Industries Inc (WGO) is revitalizing its Winnebago Towables brand with a new pricing strategy and emerging product strategy, aiming to expand market share and drive growth.
- The company faces a challenging sales environment due to soft retail conditions and growing macroeconomic uncertainty.
- Winnebago Industries Inc (WGO) reduced its fiscal 2025 adjusted EPS guidance due to reduced consumer confidence and sentiment.
- Gross margin declined year over year, primarily due to deleverage associated with a product mix shift towards more affordable models.
- The company is experiencing elevated warranty expenses in its Towable segment, impacting margins.
- Motorized RV field inventory remains elevated, with dealers being cautious about inventory levels due to retail pressure and aging stock.
Good day, and thank you for standing by. Welcome to the Winnebago Industries second quarter fiscal 2025 financial results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Ray Posadas, Vice President, Investor Relations and Market Intelligence. Please go ahead.
Thank you, Daniel. Good morning, everyone, and thank you for joining us to discuss our fiscal 2025 second quarter earnings results. This call is being broadcast live on our website at investor.wgo.net, and the replay of the call will be available on our website later today.
The news release with our second quarter results was issued and posted to our website earlier this morning. Please note that the earnings slide deck that follows along with our prepared remarks is also available on the Investors section of our website under Quarterly Results.
Turning to slide 2. Certain statements made during
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