Monitor dealer inventory trends and retail demand data for signs of stabilization in Towable RV and Marine segments, as well as the pace of Motorhome RV transformation benefits. The FY2027 guidance midpoint of ~$1.95 adjusted EPS is below FY2026 actual of $1.79, implying limited near-term earnings recovery.
Price Chart
Executive Summary
Winnebago Industries reported Q4 fiscal 2026 revenue of $645.1M (down 17.0% YoY) and adjusted EPS of $0.49 (down 31.0% YoY), missing consensus estimates on both the top and bottom lines. The company issued fiscal 2027 guidance for revenue of $2.65-$2.80B and adjusted EPS of $1.65-$2.25, reflecting continued pressure from lower unit volumes and a challenging retail environment, partially offset by cost initiatives and Motorhome segment improvements.
Key Financial Metrics
Key Facts
- Q4 FY2026 net revenues of $645.1M, down 17.0% YoY from $777.3M
- Q4 adjusted EPS of $0.49, down 31.0% YoY from $0.71
- Q4 GAAP diluted EPS of $0.34, down from $0.49 YoY
- Q4 gross margin contracted 30 bps to 12.5%
- Towable RV segment revenue fell 28.1% YoY; Motorhome RV revenue fell 10.4% YoY
- Full year FY2026 revenue of $2,703.9M, down 3.4% YoY
- Full year adjusted EPS of $1.79, up 7.2% YoY from $1.67
- Net leverage improved to 2.2x from 3.0x at Q3 end
- Fiscal 2027 guidance: revenue $2.65-$2.80B, adjusted EPS $1.65-$2.25
- Quarterly dividend increased 3% to $0.36 per share
Financial Impact
Q4 revenue miss of ~$15M vs consensus of $660.3M; adjusted EPS of $0.49 vs consensus of $0.47 (beat by 4.3%) but down 31% YoY; FY2027 guidance midpoint implies flat to slightly lower revenue and adjusted EPS below FY2026 actual
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Towable RV | $220.3M | -28.1% |
| Motorhome RV | $323.6M | -10.4% |
| Marine | $92.3M | -2.7% |
Risk Factors
- Continued weakness in Towable RV segment with revenue down 28.1% and operating income down 56.5% in Q4
- Macroeconomic headwinds including elevated fuel costs, geopolitical uncertainty, and weak consumer confidence pressuring RV demand
- Fiscal 2027 guidance implies flat to slightly lower revenue and adjusted EPS, suggesting no near-term recovery
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-066605 |
| Document: wgo-20261021.htm | 0001628280-26-066605 |
| Document: 0001628280-26-066605-index-headers.html | 0001628280-26-066605 |
| Document: 0001628280-26-066605-index.html | 0001628280-26-066605 |
| Document: 0001628280-26-066605.txt | 0001628280-26-066605 |
| 8-K Data (Synthetic) | 0001628280-26-066605 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | DEFA14A | $28.65 $28.11 | ▼ −1.88% | ▼ −2.60% | $28.46 (−0.66%) |
Oct 23, 2026 4d ago | 8-K | $28.65 $28.11 | ▼ −1.88% | ▼ −2.60% | $28.46 (−0.66%) |
Oct 21, 2026 6d ago | 8-K | $25.64 $28.57 | ▼ −11.43% | ▼ −12.61% | $28.46 (−11.00%) |
Sep 23, 2026 4w ago | Press Release | $27.43 | awaiting T+1 | awaiting T+1 | $28.46 (+3.76%) |
Aug 20, 2026 9w ago | Insider Cluster | $31.78 $32.14 | ▲ +1.13% | ▲ +1.43% | $28.46 (−10.45%) |
Aug 14, 2026 10w ago | Insider Cluster | $31.55 $31.58 | ▲ +0.10% | ▲ +0.57% | $28.46 (−9.79%) |
Jul 21, 2026 14w ago | Press Release | $30.38 $31.13 | ▲ +2.47% | ▲ +2.58% | $28.46 (−6.32%) |
Jun 4, 2026 20w ago | Press Release | $28.12 | awaiting T+1 | awaiting T+1 | $28.46 (+1.21%) |
Apr 2, 2026 29w ago | Press Release | $30.04 $31.19 | ▲ +3.82% | ▲ +3.35% | $28.46 (−5.26%) |
Mar 25, 2026 30w ago | Press Release | $32.33 $32.51 | ▲ +0.55% | ▲ +2.32% | $28.46 (−11.96%) |
US Market Status
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