Thor Industries, the largest US manufacturer of RVs and campers, reported its third quarter of fiscal 2026. Adjusted earnings per share came in at $1.86, down 30% year-over-year and missing the consensus estimate of $1.98. Revenue fell 3.9% year-over-year to $2.78 billion but beat expectations of $2.65 billion.
The company lowered its full-year GAAP earnings guidance to $3.30–$3.80 per share from the previous range of $3.75–$4.25, citing prolonged geopolitical and macroeconomic conditions that weigh on consumer confidence and retail demand. Key factors include weak consumer spending, a 15% year-over-year decline in North American retail sales, cautious dealer ordering, and pressure from tariffs and inflation. Zacks Investment Research assigned the stock a 'Bear of the Day' rating.