From Investing.com:



Winnebago Industries reported a nearly 20% decrease in net revenues for the first quarter of fiscal 2024, with declines in both its motorhome and marine segments. The company anticipates a gradual improvement in the second half of the fiscal year with new product launches, although these launches may negatively impact pretax income in the short term. Winnebago also highlighted its strong balance sheet and share repurchase in Q1, and expects reduced consolidated sales in Q2 due to production utilization over the holiday period. The company is making investments in engineering, digital assets, and IT systems, and expects its new ERP system to be completed within the next 18 to 24 months. While facing challenges, Winnebago remains optimistic about a rebound in the latter half of fiscal year 2024 and is focused on product launches, affordability, and inventory management. Additionally, market data and InvestingPro tips suggest that investors may find the company’s stock valuation appealing compared to industry peers, and that Winnebago has a high return on invested capital and a history of raising dividends for five consecutive years. Despite the headwinds, the company’s financial resilience and strategic initiatives position it for a potential rebound, with a strong balance sheet and a focus on new product launches.



Original: Winnebago projects recovery in H2 despite Q1 challenges By Investing.com