Q3 25 EPS
$0.81
BEAT +2.22%
Est. $0.79
Q3 25 Revenue
$775.1M
BEAT +0.04%
Est. $774.8M
vs S&P Since Q3 25
-22.6%
TRAILING MARKET
WGO +1.2% vs S&P +23.8%
Market Reaction
Did WGO Beat Earnings? Q3 2025 Results
Winnebago Industries squeaked past Wall Street expectations in fiscal Q3 2025, but the underlying results told a story of mounting pressure across its core business. Adjusted diluted EPS came in at $0.81, edging past the $0.79 consensus estimate by 2… Read more Winnebago Industries squeaked past Wall Street expectations in fiscal Q3 2025, but the underlying results told a story of mounting pressure across its core business. Adjusted diluted EPS came in at $0.81, edging past the $0.79 consensus estimate by 2.22%, while net revenues of $775.10 million beat forecasts by a razor-thin 0.04%, though that figure still represented a 1.4% decline from the prior-year period. The most significant weight on results was the Motorhome segment, where unit deliveries fell 14.8% as dealers worked down inventories and heavier discounting compressed adjusted EBITDA margin to just 1.0%, down from 4.5% a year ago. Bright spots were harder to find outside of Marine, which posted 14.6% revenue growth on share gains from its Chris-Craft and Barletta brands. With the stock near multi-year lows amid growing macroeconomic uncertainty, management updated full-year guidance to adjusted EPS of $1.20 to $1.70 and flagged a motorhome margin recapture plan slated for fiscal 2026.
Key Takeaways
- • Marine segment retail share gains driving double-digit profitability growth
- • Towable RV unit volume growth led by travel trailer deliveries up 7.3% YoY
- • Targeted price increases partially offsetting lower average selling prices from product mix shift
- • Higher warranty experience and product mix negatively impacting gross margin
- • Motorhome dealer inventory right-sizing reducing unit volumes by 14.8%
- • Operational inefficiencies and higher discounts in Winnebago motorhome business
WGO YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
WGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our fiscal third-quarter results reflect both the diverse dynamics of our business segments and the challenges posed by an uncertain economic environment. While retail demand across the outdoor recreation sector remains soft, our dealer partners are navigating the market with prudence and agility. At Winnebago Industries, we continue to pursue discipline in every aspect of our operations. We are focused on protecting long-term profitability and sustaining strong customer relationships while aligning production closely with healthy field inventory turn targets.”
— Michael Happe, Q3 2025 Earnings Press Release
WGO Earnings Trends
WGO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WGO EPS Trend
Earnings per share: estimate vs actual
WGO Revenue Trend
Quarterly revenue: estimate vs actual
WGO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS | $0.78 | $0.66 | -14.89% | $698.7M | -7.84% |
| Q2 26 BEAT | $0.24 | $0.27 | +13.07% | $657.4M | +4.82% |
| Q1 26 BEAT | $0.14 | $0.38 | +177.37% | $702.7M | +11.26% |
| Q4 25 MISS FY | $0.53 | $0.49 | -7.88% | $777.3M | +7.01% |
| FY Full Year | $1.49 | $0.91 | -39.00% | $2.80B | +1.89% |
| Q3 25 BEAT | $0.79 | $0.81 | +2.22% | $775.1M | +0.04% |
| Q2 25 BEAT | $0.16 | $0.19 | +19.20% | $620.2M | +0.57% |