# Winnebago Q4 2026 Earnings Report

> Winnebago reports Q4 revenue drop but targets 9% EPS growth for fiscal 2027.
- Title: Winnebago Q4 2026 Earnings Report · The Motley Fool | Shortify
- Summary: 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…
- Keywords: winnebago, wgo, q4 2026, earnings call, fiscal 2027, adjusted eps, rv industry, dealer inventory, market share, finance, money, 2026
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/21/winnebago-wgo-q4-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-21T18:08:27+00:00
- Read time: 2 min
- Topics: winnebago, wgo, q4 2026, earnings call, fiscal 2027, adjusted eps, rv industry, dealer inventory, market share, finance, money
## 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.
## Key takeaway

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.