Winnebago Cuts Q3 EPS to $0.55-$0.65, Revenue to $775M from $820M; Stock Drops 10% Pre-Market, Full FY Outlook June 25

Winnebago Industries Inc. has lowered its third-quarter earnings per share (EPS) guidance to a range of $0.55 to $0.65, down from the previous estimate of $1.38. The company also revised its revenue forecast for the quarter to $775 million, compared to the earlier estimate of $820 million. The downgrade is attributed to significant market pressures, particularly affecting Winnebago's motorhome business unit. The company warned that second-half revenues for this segment are expected to fall well below prior expectations. Winnebago plans to release its full fiscal year outlook on June 25. Following the announcement, Winnebago's stock declined by over 10% in pre-market trading.