Winnebago Q4 Profit Falls to $9.7 Million as Revenue Drops 17%

Winnebago Industries Inc. (WGO) reported fourth-quarter earnings of $9.7 million, or $0.34 per share, down from $13.7 million, or $0.49 per share, a year earlier. Revenue fell 17.0% to $645.1 million from $777.3 million. Excluding items, the recreational vehicle maker posted adjusted earnings of $0.49 per share. Looking ahead, Winnebago guided consolidated net revenues to a range of $2.65 billion to $2.80 billion, with adjusted earnings per diluted share of $1.65 to $2.25.