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Want to see what weak discretionary spending looks like? See Winnebago's results - TL;DR CNBC

Want to see what weak discretionary spending looks like? See Winnebago's results

Publishing timestamp: 2023-10-18 13:41:16


Summary

Winnebago reported solid fourth quarter earnings, beating expectations, but revenue fell short due to weaker discretionary spending. The company blamed lower unit sales, reduced inventories, and higher discounts and allowances. CEO Michael Happe expects these challenges to continue into the first half of the new fiscal year but is optimistic about stabilization in the second half. Winnebago's stock has underperformed the broader market, reflecting challenging demand conditions in the industry.


Sentiment: NEGATIVE

Tickers: THOWGO

Keywords: winnebago industries incbusinessbusiness newsthor industries incbreaking news: businessautostransportation

Source: https://www.cnbc.com/2023/10/18/winnebago-revenue-shows-weak-discretionary-spending.html


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