Winnebagoⓘ Industries reported a decline in third-quarter net revenue to about $700 million, down from $775 million in the same period last year. Net profit fell to $14.5 million from $17.6 million. CEO Michael Happe attributed the drop to inflation, high interest rates, and geopolitical uncertainty curbing consumer discretionary spending.
The company also cut its full-year guidance, citing lower sales volumes and cautious dealers. Macroeconomic pressures, including high fuel costs, were named as factors. Winnebago continues cost optimization and expects demand to recover as external conditions improve.