RV Icon Winnebago Crushes Fiscal Q1 Earnings Forecasts

Iconic RV-maker Winnebago (WGO) on Wednesday reported fiscal first-quarter that easily topped forecasts and predicted a ninth straight year of growth for the industry.

Estimates: Earnings per share to fall 17% to 50 cents, as revenue spikes 52% to $373 million, likely helped by its acquisition of the RV maker Grand Design, which wrapped up late last year.

Results: EPS of 57 cents on revenue of $450 million. Motorized segment revenue fell 2.4% to $190.4 million, while Towable revenue shot...

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