Winnebago Industries (WGO) Q4 2026 Earnings
How Did WGO Stock React to Q4 2026 Earnings?
Did WGO Beat Earnings? Q4 2026 Results
Yes. Winnebago Industries reported Q4 2026 earnings of $0.49 a share on Oct 21, 2026, beating the $0.49 consensus estimate by 0.4%. Revenue was $645.1M against a $664.9M estimate.
Winnebago Industries delivered a mixed fourth-quarter fiscal 2026 report, eking out a narrow earnings beat while falling short on revenue as the outdoor recreation sector's prolonged slump continued to weigh on demand. The company posted adjusted EPS of $0.49, edging past the $0.49 consensus estimate by 0.39%, but revenues slid 17.0% year-over-year to $645.10 million, coming in $19.78 million below the $664.88 million analysts had expected. The shortfall was driven primarily by the Towable RV segment, where revenues collapsed 28.1% to $220.30 million on sharply lower unit deliveries, with fifth wheel volumes down 39.0%. Even so, Winnebago demonstrated cost discipline across its manufacturing footprint, particularly in Motorhome RV, where transformation initiatives lifted operating margins meaningfully despite the volume headwinds. Analysts had already signaled caution heading into the print, with several firms revising price targets lower ahead of the call. Looking to fiscal 2027, management guided for revenues of $2.65 billion to $2.80 billion and adjusted EPS of $1.65 to $2.25, acknowledging uncertainty around the pace of market recovery.
- Lower unit volume and shift toward lower price-point models drove revenue declines across all segments
- Motorhome RV transformation initiatives drove operational efficiencies and margin improvement
- Cost reduction initiatives decreased operating expenses 20.1% year-over-year in Q4
- Selective price adjustments partially offset volume declines
- Strong Q4 cash generation of $142.5 million from operations
“Fiscal 2026 highlighted the resilience of our portfolio and the disciplined execution of our teams in a persistently challenging retail environment. By maintaining focus on the factors within our control, including product innovation, operational improvements and deliberate production and inventory management, we continued to strengthen our brands and position the portfolio for long-term growth.”
Winnebago Industries CEO, on the earnings call
What Is Winnebago Industries's Outlook?
For fiscal 2027, Winnebago expects consolidated net revenues of $2.65 to $2.80 billion, reported EPS of $0.90 to $1.50, and adjusted EPS of $1.65 to $2.25. The company projects North American RV wholesale shipments of 275,000 to 295,000 units for calendar 2026 and 265,000 to 295,000 units for calendar 2027. Adjusted EPS guidance primarily excludes pretax intangible amortization of approximately $22 million and restructuring and related costs of approximately $6 million. The outlook accounts for prevailing RV sector trends, current trade policy and tariff impacts, competitive dynamics, consumer preference shifts, and macroeconomic factors influencing demand.
WGO YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $645.1M | $777.3M | −17.0% |
| Gross Profit | $80.7M | $99.2M | −18.7% |
| Operating Income | $17.6M | $20.1M | −12.4% |
| Net Income | $9.7M | $13.7M | −29.2% |
WGO Revenue by Segment
When Does Winnebago Industries Report Next?
Figures from SEC filings and company reports. Not investment advice.