(March 25, 2019) — Winnebago Industries reported second-quarter earnings of $0.68 a share, beating the $0.58 that analysts surveyed by Bloomberg were expecting. Operating income decreased by 18% to $29 million, compared to $35 million in the second quarter of last year.
Revenues for the RV maker were light, coming in at $433 million, more than 7% below the $468 million that analysts had hoped for.
The results were driven primarily by a weakening in RV sales. Revenue for the motorhome segment was down 17% to $164 million, while revenue for towables fell 6% to $251 million.
Shipments to dealers from all manufacturers combined slipped again in February, as reported by the RV Industry Association earlier in the day.
Lack of campgrounds, could be one reason. In Florida during the winter months the snowbirds flock to the campgrounds available. Locals can pretty much forget about state parks for winter use. Commercial parks have to be reserved months in advance of when you would like to camp. When warmer temps and humidly arrive, no problem. But, who wants to camp when the heat and bugs return.