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Winnebago Industries, Inc. (WGO) stock dropped over 8% today after the company, which manufactures motor homes and towables, announced financial results for the second quarter of fiscal 2022.
Revenues for the second quarter ended February 26, 2022, matched the record of $1.2 billion set in the first quarter of fiscal 2022, an increase of 38.7% compared to $839.9 million for the fiscal 2021 period.
The reported diluted EPS was $2.69, compared to diluted EPS of $2.04 in the same period last year.
Rising Consumer Demand
President and Chief Executive Officer Michael Happe commented, “Winnebago Industries delivered a strong second-quarter performance, executing on sustained, elevated consumer demand for our expanded portfolio of premier outdoor lifestyle brands.”
“Our second quarter performance and record sales results at recent RV and…
