RV Maker Thor Industries Posts Unexpected Loss Amid 'Soft' Retail Environment [Yahoo! Finance]
Thor Industries, Inc. (THO)
Last thor industries, inc. earnings: 3/9 06:30 am
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Source: Yahoo! Finance
CEO Bob Martin attributed the disappointing results to a "soft retail and wholesale environment." The Airstream parent's stock slid Wednesday and has fallen nearly 9% this year. Airstream parent Thor Industries ( THO ) posted a surprise fiscal first-quarter loss before the opening bell Wednesday, sending shares slightly lower intraday. Revenue for the RV maker fell 14% year-over-year to $2.14 billion, below the analyst consensus compiled by Visible Alpha. The company posted a loss of $1.8 million or 3 cents per share, compared to a profit of $53.57 million or 99 cents per share a year earlier and below the $33.58 million or 64 cents per share called for by analysts. The loss came as the company “continued to be impacted by the soft retail and wholesale environment,” CEO Bob Martin said, adding the company will avoid increasing “independent dealer inventory levels” until market conditions improve. Thor reiterated its full-year revenue forecast of $9 billion to $9.8 billion a
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THO
News
- THOR Industries Announces Regular Quarterly DividendGlobeNewswire
- THOR Stock Dips 11.5% YTD: Here's Why it is Worth Holding on to Now [Yahoo! Finance]Yahoo! Finance
- THOR Industries, Inc. (NYSE: THO) is now covered by analysts at Bank of America Co.. They set a "neutral" rating and a $120.00 price target on the stock.MarketBeat
- THOR Industries, Inc. (NYSE: THO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- THOR Industries, Inc.'s (NYSE:THO) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? [Yahoo! Finance]Yahoo! Finance
THO
Earnings
- 12/4/24 - Miss
THO
Sec Filings
- 12/20/24 - Form 8-K
- 12/19/24 - Form 4
- 12/19/24 - Form 8-K
- THO's page on the SEC website