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Winnebago Q4 2026 Earnings Report
Winnebago reports Q4 revenue drop but targets 9% EPS growth for fiscal 2027.
In brief
Winnebago reports Q4 revenue drop but targets 9% EPS growth for fiscal 2027. Winnebago Industries reported Q4 net revenues of $645.1 million with adjusted EPS of $0.49, guiding for $1.65-$2.25 EPS in fiscal 2027 despite industry challenges. Originally reported by The Motley Fool.
Q4 Revenue
Winnebago reported Q4 net revenues of $645.1 million, a 17% decrease from fiscal 2025.
Q4 EPS
Adjusted earnings per diluted share for Q4 was $0.49, down from $0.71 in Q4 2025.
Fiscal 2027 Revenue Guidance
Winnebago expects fiscal 2027 net revenue between $2.65 billion and $2.8 billion.
Fiscal 2027 EPS Guidance
Adjusted EPS guidance for fiscal 2027 is $1.65 to $2.25, a 9% increase over fiscal 2026 results.
Free Cash Flow
Free cash flow for fiscal 2026 was $144.6 million, up from $89.5 million in fiscal 2025.
Net Leverage Ratio
Net leverage ratio decreased to 2.2x at the end of Q4 2026 from 3.1x in Q4 2025.
Cumulative Gross Savings
Winnebago expects $70 million to $80 million in cumulative gross cost savings through fiscal 2029.
Towable RV Segment
Towable RV revenue dropped 28.1% to $220.3 million in Q4 2026.
Motorhome RV Segment
Motorhome RV revenue decreased 10.4% to $323.6 million in Q4 2026.
Marine Segment
Marine segment revenue declined 2.7% to $92.3 million in Q4 2026.
Motorhome RV Margin
Motorhome RV operating margin improved to 2.4% in Q4 2026, a 250 basis point increase from Q4 2025.
Barletta Market Share
Barletta US aluminum pontoon market share increased to 9.7% for the trailing 12 months.
Dealer Inventory Turns
RV dealer inventory turns improved to 1.8x at the enterprise level, with Grand Design Towables at 2.0x.
Enterprise Retail Share
Winnebago holds 35.4% enterprise retail unit share and 41% dollar share for trailing 12 months.
Class C Retail Share
Class C retail unit share increased to 3.6%, a 170 basis point gain from prior year.
Capital Expenditures
Fiscal 2026 capital expenditures were $24.1 million, down from $39.4 million in fiscal 2025.
Quarterly Dividend
Winnebago increased its quarterly cash dividend by 3% to $0.36 per share.
Same SKU Inflation
Winnebago expects same SKU inflation of 2.5% to 3.5% for fiscal 2027.
Restructuring Charges
Winnebago expects $6 million in restructuring charges for fiscal 2027 to support manufacturing consolidation.
Operating Expenses
Operating expenses decreased 20.1% to $63.1 million in Q4 2026.
The short version
Winnebago Industries reported Q4 net revenues of $645.1 million with adjusted EPS of $0.49, guiding for $1.65-$2.25 EPS in fiscal 2027 despite industry challenges.
