Winnebago Q2 Revenues Up 6%, EPS +42%, Redeems $100M Debt
Winnebago Industries' Q2 net revenues rose 6% year-over-year and adjusted EPS climbed 42% to $0.27. Motorhome RV revenue jumped 29% with margin up 270 basis points; marine revenue fell 3%, and the company redeemed $100 million of notes while reconfirming fiscal 2026 guidance of $2.8–3.0 billion revenue and $2.10–2.80 EPS.
1. Q2 Results
Winnebago Industries posted Q2 fiscal 2026 net revenues up 6% year-over-year and adjusted earnings per share of $0.27, a 42% increase from the prior year.
2. Motorhome and Marine Segments
Motorhome RV segment revenue grew 29%, driving a 270 basis-point expansion in operating margin to 2.4%. The marine segment saw net revenues decline 3% with a 300 basis-point margin contraction to 3.7%, while Barletta Boats maintained a 9.1% U.S. retail unit market share.
3. Debt Reduction
The company redeemed $100 million of 6.25% senior secured notes due 2028, lowering gross debt and anticipated interest expense as part of its deleveraging strategy.
4. Fiscal 2026 Outlook
Winnebago reaffirmed fiscal 2026 revenue guidance of $2.8–3.0 billion and adjusted EPS of $2.10–2.80, and expects inventory turns to improve through seasonal retail momentum in the second half.