Winnebago Industries (WGO)
Market Price (8/23/2026): $31.78 | Market Cap: $896.2 MilSector: Consumer Discretionary | Industry: Automobile Manufacturers
Winnebago Industries (WGO)
Market Price (8/23/2026): $31.78Market Cap: $896.2 MilSector: Consumer DiscretionaryIndustry: Automobile Manufacturers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 14% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, and Luxury Consumer Goods. | Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -119% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12% Key risksWGO key risks include [1] a significant debt burden with poor interest coverage from earnings and [2] operational efficiency challenges related to managing dealer inventory and production costs. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 14% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, and Luxury Consumer Goods. |
| Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -119% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12% |
| Key risksWGO key risks include [1] a significant debt burden with poor interest coverage from earnings and [2] operational efficiency challenges related to managing dealer inventory and production costs. |
Qualitative Assessment
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Winnebago Industries (WGO) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Winnebago Industries reported disappointing fiscal Q3 2026 results and revised down its full-year guidance.
For its fiscal third quarter ended May 30, 2026, the company announced net revenues of $698.7 million, a decrease of 9.9% compared to the prior year and missing analyst estimates of $755.68 million. Adjusted diluted earnings per share (EPS) of $0.66 also fell short of the consensus estimate of $0.76. Following these results, Winnebago updated its fiscal 2026 guidance, lowering its consolidated net revenue expectation to a range of $2.65 billion to $2.75 billion and adjusted diluted EPS to $1.65 to $2.00, down from previous guidance of $2.10 to $2.80.
2. The company faced a challenging retail environment, particularly impacting its Towable RV and Marine segments.
Management noted a "challenging" retail environment throughout fiscal Q3 2026, leading to lower unit volumes and measured dealer ordering across several segments. Net revenues for the Towable RV segment decreased by 26.1% year-over-year, and the Marine segment saw an 8.3% year-over-year decline in net revenues. This overall weakness in key market segments, despite growth in the Motorhome RV segment, contributed to investor caution.
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Winnebago Industries (WGO) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Winnebago Industries reported disappointing fiscal Q3 2026 results and revised down its full-year guidance.
For its fiscal third quarter ended May 30, 2026, the company announced net revenues of $698.7 million, a decrease of 9.9% compared to the prior year and missing analyst estimates of $755.68 million. Adjusted diluted earnings per share (EPS) of $0.66 also fell short of the consensus estimate of $0.76. Following these results, Winnebago updated its fiscal 2026 guidance, lowering its consolidated net revenue expectation to a range of $2.65 billion to $2.75 billion and adjusted diluted EPS to $1.65 to $2.00, down from previous guidance of $2.10 to $2.80.
2. The company faced a challenging retail environment, particularly impacting its Towable RV and Marine segments.
Management noted a "challenging" retail environment throughout fiscal Q3 2026, leading to lower unit volumes and measured dealer ordering across several segments. Net revenues for the Towable RV segment decreased by 26.1% year-over-year, and the Marine segment saw an 8.3% year-over-year decline in net revenues. This overall weakness in key market segments, despite growth in the Motorhome RV segment, contributed to investor caution.
3. Analyst sentiment largely remained neutral, with multiple firms lowering price targets.
As of early August 2026, Winnebago Industries held a consensus "Hold" rating from 12 Wall Street analysts. Analyst confidence had deteriorated prior to the Q3 earnings report, with consensus EPS estimates declining by 25.0% over the 90 days leading up to the release. Following the Q3 results, several analysts adjusted their price targets downward, including BMO Capital from $48 to $38 and Truist Securities from $43 to $35, indicating a more conservative outlook on the stock's future performance.
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Stock Movement Drivers
Fundamental Drivers
The -1.3% change in WGO stock from 4/30/2026 to 8/22/2026 was primarily driven by a -1.3% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.21 | 31.78 | -1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,912 | 2,912 | 0.0% |
| Net Income Margin (%) | 1.4% | 1.4% | 0.0% |
| P/E Multiple | 21.8 | 21.5 | -1.3% |
| Shares Outstanding (Mil) | 28 | 28 | 0.0% |
| Cumulative Contribution | -1.3% |
Market Drivers
4/30/2026 to 8/22/2026| Return | Correlation | |
|---|---|---|
| WGO | -1.3% | |
| Market (SPY) | 6.5% | 31.2% |
| Sector (XLY) | -0.3% | 39.7% |
Fundamental Drivers
The -29.2% change in WGO stock from 1/31/2026 to 8/22/2026 was primarily driven by a -38.0% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.88 | 31.78 | -29.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,875 | 2,912 | 1.3% |
| Net Income Margin (%) | 1.3% | 1.4% | 12.8% |
| P/E Multiple | 34.8 | 21.5 | -38.0% |
| Shares Outstanding (Mil) | 28 | 28 | 0.0% |
| Cumulative Contribution | -29.2% |
Market Drivers
1/31/2026 to 8/22/2026| Return | Correlation | |
|---|---|---|
| WGO | -29.2% | |
| Market (SPY) | 11.0% | 25.3% |
| Sector (XLY) | -2.4% | 35.3% |
Fundamental Drivers
The 11.3% change in WGO stock from 7/31/2025 to 8/22/2026 was primarily driven by a 6.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.54 | 31.78 | 11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,742 | 2,912 | 6.2% |
| P/S Multiple | 0.3 | 0.3 | 5.6% |
| Shares Outstanding (Mil) | 28 | 28 | -0.7% |
| Cumulative Contribution | 11.3% |
Market Drivers
7/31/2025 to 8/22/2026| Return | Correlation | |
|---|---|---|
| WGO | 11.3% | |
| Market (SPY) | 22.2% | 23.2% |
| Sector (XLY) | 7.2% | 30.5% |
Fundamental Drivers
The -49.2% change in WGO stock from 7/31/2023 to 8/22/2026 was primarily driven by a -78.1% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8222026 | Change |
|---|---|---|---|
| Stock Price ($) | 62.59 | 31.78 | -49.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,899 | 2,912 | -25.3% |
| Net Income Margin (%) | 6.5% | 1.4% | -78.1% |
| P/E Multiple | 7.5 | 21.5 | 188.4% |
| Shares Outstanding (Mil) | 30 | 28 | 7.8% |
| Cumulative Contribution | -49.2% |
Market Drivers
7/31/2023 to 8/22/2026| Return | Correlation | |
|---|---|---|
| WGO | -49.2% | |
| Market (SPY) | 73.2% | 40.1% |
| Sector (XLY) | 38.9% | 46.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WGO Return | 26% | -29% | 41% | -33% | -12% | -19% | -39% |
| Peers Return | 30% | -31% | 47% | -11% | 6% | -15% | 6% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| WGO Win Rate | 67% | 17% | 50% | 42% | 50% | 50% | |
| Peers Win Rate | 57% | 35% | 53% | 48% | 58% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WGO Max Drawdown | -28% | -43% | -20% | -37% | -42% | -44% | |
| Peers Max Drawdown | -26% | -41% | -28% | -29% | -39% | -42% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: THO, BC, LCII, PATK, CWH. See WGO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | WGO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.8% | -18.8% |
| % Gain to Breakeven | 48.8% | 23.1% |
| Time to Breakeven | 255 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.2% | -9.5% |
| % Gain to Breakeven | 19.3% | 10.5% |
| Time to Breakeven | 47 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.1% | -6.7% |
| % Gain to Breakeven | 23.6% | 7.1% |
| Time to Breakeven | 101 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.1% | -24.5% |
| % Gain to Breakeven | 69.9% | 32.4% |
| Time to Breakeven | 569 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.1% | -33.7% |
| % Gain to Breakeven | 195.3% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -38.8% | -19.2% |
| % Gain to Breakeven | 63.5% | 23.8% |
| Time to Breakeven | 64 days | 105 days |
In The Past
Winnebago Industries's stock fell -32.8% during the 2025 US Tariff Shock. Such a loss loss requires a 48.8% gain to breakeven.
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| Event | WGO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.8% | -18.8% |
| % Gain to Breakeven | 48.8% | 23.1% |
| Time to Breakeven | 255 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.1% | -24.5% |
| % Gain to Breakeven | 69.9% | 32.4% |
| Time to Breakeven | 569 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.1% | -33.7% |
| % Gain to Breakeven | 195.3% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -38.8% | -19.2% |
| % Gain to Breakeven | 63.5% | 23.8% |
| Time to Breakeven | 64 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.8% | -12.2% |
| % Gain to Breakeven | 26.3% | 13.9% |
| Time to Breakeven | 36 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -31.3% | -6.8% |
| % Gain to Breakeven | 45.6% | 7.3% |
| Time to Breakeven | 188 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -32.4% | -17.9% |
| % Gain to Breakeven | 47.8% | 21.8% |
| Time to Breakeven | 125 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -44.1% | -15.4% |
| % Gain to Breakeven | 79.0% | 18.2% |
| Time to Breakeven | 909 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.2% | -53.4% |
| % Gain to Breakeven | 576.6% | 114.4% |
| Time to Breakeven | 1468 days | 1085 days |
In The Past
Winnebago Industries's stock fell -32.8% during the 2025 US Tariff Shock. Such a loss loss requires a 48.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Winnebago Industries (WGO)
Winnebago Industries (WGO) is a prominent manufacturer and seller of recreational vehicles (RVs) and marine products, primarily catering to the leisure travel and outdoor recreation markets. The company's core mission is to provide products that serve as temporary living quarters for vacations, camping trips, or to support active and mobile lifestyles for its customers.
The company offers a comprehensive range of products across several key categories. Its RV offerings include both towable products, such as conventional travel trailers and fifth wheels under the Winnebago and Grand Design brands, and self-propelled motorhomes available through the Winnebago and Newmar brands. Diversifying beyond land-based recreation, Winnebago also manufactures recreational powerboats, featuring brands like Chris-Craft and Barletta in its marine segment.
Beyond consumer leisure products, Winnebago extends its expertise to specialty commercial vehicles, developing units for specific uses such as law enforcement command centers, mobile medical clinics, and mobile office spaces. The company also supplies bare vehicle shells to third-party upfitters and manufactures original equipment manufacturing (OEM) parts. Winnebago sells its products predominantly through a network of independent dealers, reaching customers across the United States, Canada, and internationally.
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Here are 1-3 brief analogies for Winnebago Industries (WGO):
- Winnebago is like the General Motors for recreational vehicles and boats.
- Think of Winnebago as the Polaris for RVs and recreational boats.
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- Towable RVs: Non-motorized vehicles designed for recreational travel, towed by automobiles, pickup trucks, SUVs, or vans.
- Motorhomes: Self-propelled mobile dwellings primarily used as temporary living quarters during vacation and camping trips.
- Specialty Commercial Vehicles: Custom-built vehicles adapted for specific professional uses such as law enforcement command centers, mobile medical clinics, or mobile office spaces.
- Recreational Powerboats: Leisure boats sold under the Chris-Craft and Barletta brand names for use in outdoor recreation.
- OEM Parts: Original equipment manufacturing of parts supplied to other manufacturers and for commercial vehicles.
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Winnebago Industries (WGO) Major Customers
Winnebago Industries (WGO) primarily sells its products to other companies rather than directly to individual consumers.
Based on the provided company description, its major customers are categorized as follows:
- Independent Dealers: For its core recreation vehicles (including towables and motorhomes under Winnebago, Grand Design, and Newmar brands) and marine products (Chris-Craft and Barletta brand boats), Winnebago Industries sells primarily through a network of independent dealers located in the United States, Canada, and internationally. The provided background information does not list the specific names of these independent dealer companies or their public symbols.
- Third-Party Upfitters: The company supplies commercial vehicle bare shells to these entities, which then customize the vehicles for various specialized purposes.
- Other Manufacturers: Winnebago Industries also engages in original equipment manufacturing (OEM) of parts for other manufacturers and commercial vehicles.
- Organizations for Specialty Vehicles: Customers for its specialty commercial vehicles include entities requiring specialized applications such as law enforcement command centers, mobile medical clinics, and mobile office spaces. These would typically encompass government agencies, healthcare providers, and various businesses.
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- Ford (Symbol: F)
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Michael Happe, President and Chief Executive Officer
Michael Happe was appointed President and Chief Executive Officer and a director of Winnebago Industries in January 2016. He is responsible for the overall vision, strategic direction, and performance of the company. Under his leadership, Winnebago Industries has grown significantly through organic growth and major acquisitions, including Grand Design RV, Chris-Craft, Newmar, Barletta Boats, and Lithionics. Prior to joining Winnebago Industries, Mr. Happe spent 19 years at The Toro Company, where he held various senior leadership positions, most recently as an Executive Officer and Group Vice President of Toro's Residential and Contractor businesses.
Bryan Hughes, Senior Vice President, Chief Financial Officer, Investor Relations, Information Technology and Business Development
Bryan Hughes has served as Chief Financial Officer since May 15, 2017. In his role, he also oversees information technology and business development. Before joining Winnebago Industries, Mr. Hughes accumulated over 25 years of financial leadership experience, including 20 years at Ecolab, Inc., a global leader in water, hygiene, and energy technologies. At Ecolab, he most recently held the position of Senior Vice President and Corporate Controller, and previously served as Vice President of Finance for the company’s Global Institutional business. He began his career as a CPA with Ernst & Young.
Donald Clark, Group President, Towable RV Segment; President, Grand Design RV
Don Clark is a co-founder of Grand Design RV, which he started in 2012 with Bill and Ron Fenech. Grand Design RV was acquired by Winnebago Industries in 2016. Mr. Clark has over 30 years of experience in the RV industry, with a history of leading and growing companies, including distressed company turnarounds and successful startups. Prior to co-founding Grand Design, he was president of Dutchmen, a division of Thor Industries, and was part of the management team that helped Keystone RV become the world's largest towable RV manufacturer.
Stephen Heese, President, Chris-Craft Corporation; Senior Vice President, Winnebago Power Systems
Stephen Heese has been the President of Chris-Craft Corporation since January 2001. He, along with financial partner Stephen Julius, acquired Chris-Craft around the end of the last century, transforming it to profitability and selling it to Winnebago Industries in 2018. Mr. Heese also co-acquired and resurrected the Indian Motorcycle brand in 2004, selling it to Polaris Industries in 2011. His career includes serving as a Partner at Stellican Limited, focusing on operational improvements in middle-market companies, and various roles at Erico International Corporation, including Managing Director of regions in Europe, Asia, and Australia, and President of Indian Motorcycle Company. He also worked as a Senior Accountant at Price Waterhouse. In 1997, Heese and Julius also acquired Riva Yachts, an Italian yacht builder, which they later sold to Ferretti.
Stacy Bogart, Senior Vice President, General Counsel, Secretary and Corporate Responsibility; President, Winnebago Industries Foundation
Stacy Bogart joined Winnebago Industries on January 2, 2018, as Senior Vice President, General Counsel, Secretary, and Corporate Responsibility. She also serves as President of the Winnebago Industries Foundation. Before her tenure at Winnebago Industries, Ms. Bogart was Senior Vice President, General Counsel, Compliance Officer, and Corporate Secretary at Polaris Industries, a position she held since November 2009. Her previous experience includes serving as General Counsel of Liberty Diversified International, Assistant General Counsel and Assistant Secretary at The Toro Company, and a Senior Attorney for Honeywell Inc. Ms. Bogart has experience in both private and public companies.
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Winnebago Industries (WGO) faces several key risks to its business, primarily driven by its position in the cyclical recreational vehicle and marine markets.
- Macroeconomic Headwinds and Cyclicality of Demand: The company's performance is highly susceptible to broader economic conditions, including inflation, rising interest rates, and shifts in consumer confidence. As a manufacturer of discretionary products like RVs and boats, Winnebago experiences significant cyclical downturns during economic slowdowns, leading to reduced consumer spending, lower sales volumes, and pressure on pricing. Recent fiscal years have shown revenue contraction driven by a tough macro environment and a challenging outdoor recreation market.
- Dependence on Dealer Network and Inventory Management: Winnebago Industries relies heavily on an independent dealer network for the distribution of its products. This reliance exposes the company to risks associated with the financial health of its dealers and effective inventory management. An imbalance in dealer inventory or financial difficulties among dealers can directly impact sales and profitability, requiring the company to carefully align production with retail demand.
- Competitive Market Landscape: The recreational vehicle and boating industries are characterized by intense competition from numerous established manufacturers and new entrants. This competitive environment can lead to erosion of market share, pressure on profit margins, and the need for continuous innovation and product differentiation to maintain customer loyalty and a competitive edge.
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Winnebago Industries (symbol: WGO) operates in several addressable markets for its main products and services, primarily recreational vehicles, marine products, and specialty commercial vehicles.
Recreational Vehicles (RVs)
The U.S. recreational vehicle market generated a revenue of approximately USD 31.61 billion in 2022 and is projected to reach about USD 83.04 billion by 2030, with a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. In North America, the recreational vehicle market was valued at approximately USD 35.04 billion in 2022 and is expected to grow to about USD 89.29 billion by 2030, demonstrating a CAGR of 12.4% from 2023 to 2030. Globally, the recreational vehicle market is estimated at USD 81.56 billion in 2025 and is anticipated to reach around USD 238.10 billion by 2035, expanding at a CAGR of 11.31% between 2026 and 2035.
- **Towable RVs:** In 2022, towable RVs represented the largest revenue-generating vehicle type in both the U.S. and North American markets. In 2025, towable RVs held 63.52% of the North American Recreational Vehicle market share.
- **Motorhomes:** Motorhomes are identified as the most lucrative vehicle type segment, expected to register the fastest growth during the forecast period in the U.S. and North America. In North America, motorhomes are projected to expand at a 12.93% CAGR through 2031.
Marine Products (Recreational Boating)
The U.S. recreational boat market is projected to be valued at approximately USD 7.1 billion in 2025 and is expected to grow to about USD 12.9 billion by 2034, at a CAGR of 6.9%. Similarly, another estimate for the U.S. Recreational Boats Market projects growth from approximately USD 5.82 billion in 2025 to USD 9.10 billion by 2033, with a CAGR of 5.76%. The North America recreational boating market was valued at approximately USD 10.52 billion in 2025 and is anticipated to grow to about USD 15.67 billion by 2034, at a CAGR of 4.53% from 2026. North America held a dominant share of over 60% in the global recreational boat market in 2023. The global recreational boat market is estimated to have a value of USD 21.5 billion in 2025 and is expected to reach USD 40.4 billion by the end of 2034, growing at a CAGR of 7.3% over the forecasted period.
Specialty Commercial Vehicles
The global specialty commercial vehicle market was valued at approximately USD 99.5 billion in 2024 and is estimated to reach about USD 138.5 billion by 2034, exhibiting a CAGR of 3.6% between 2025 and 2034. Another source valued the global specialty commercial vehicle market at USD 109.17 billion in 2024, anticipating it to reach USD 157.60 billion by 2034 with a CAGR of 3.74%. North America is the largest market for specialty commercial vehicles, holding approximately 40% of the global market share. Specifically, North America held a dominant share of USD 35.31 billion in 2025. The U.S. segment within the North American specialty vehicle market is expected to grow to USD 33.56 billion by 2030.
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1. Product Innovation and Portfolio Expansion: Winnebago Industries is focusing on developing and launching new products and expanding its existing brand portfolios across both its RV and Marine segments. This includes introducing lower price-point models in Towable RVs, such as the Grand Design Transcend series and the new Winnebago Thrive travel trailer, to attract new buyers and address affordability concerns in the market. In the Motorhome segment, new product entries from Newmar and the expanding Grand Design Motorhome Lineage Series are expected to drive growth. Furthermore, the Marine segment is seeing new models like Barletta's Sanza pontoon boats, aimed at first-time owners and value-minded buyers, contributing to the diversified product offering.
2. Market Share Gains: The company anticipates revenue growth through continued market share expansion, particularly in its Motorhome and Marine segments. Barletta has been notably successful in capturing market share within the aluminum pontoon category. Efforts in the Motorhome segment, including the strategic rollout of Grand Design motorized products and new offerings from Newmar, are also contributing to market share gains.
3. Recovery and Stabilization of RV Industry Demand: After a period of industry-wide challenges, the recreational vehicle market is showing signs of gradual recovery and stabilization. Industry forecasts project modest growth in North American RV wholesale shipments over calendar years 2025 and 2026. An anticipated easing of macroeconomic pressures, such as potential interest rate reductions by 2025-2026, is expected to reduce borrowing costs for RV loans, thereby stimulating consumer demand.
4. Growth in the Marine Segment: Despite some softness in the broader marine market, Winnebago's marine brands, Chris-Craft and Barletta, are identified as strong growth engines. The Marine segment's net revenues have shown growth, and these brands continue to increase market share. The company expects the marine market recovery to contribute to future revenue, although it may lag the RV market slightly.
5. Operational Efficiencies and Strategic Pricing: Winnebago Industries is focused on disciplined execution, operational efficiencies, and cost controls to enhance its financial performance. While primarily affecting profitability, these initiatives indirectly support revenue growth by allowing for more competitive pricing strategies and reinvestment in the business. The company has also implemented targeted price increases, particularly linked to new product introductions and a favorable product mix, which contributed to revenue growth in recent quarters.
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Share Repurchases
- In October 2021, Winnebago Industries' Board of Directors authorized a new share repurchase program of up to $200 million, replacing a previous $70 million program.
- The company's Board of Directors approved a new share repurchase authorization of up to $350 million in August 2022, which superseded the fully utilized $200 million program that saw $80 million in repurchases during the fourth quarter of fiscal 2022.
- Winnebago Industries returned $50 million to shareholders through share repurchases in Fiscal Year 2025, including $20 million repurchased in the second quarter of Fiscal 2025.
Share Issuance
- In Fiscal Year 2025, Winnebago Industries repurchased $240.7 million of its 2025 Convertible Notes using proceeds from the issuance of $350.0 million in 2030 Convertible Notes.
Outbound Investments
- Winnebago Industries acquired Barletta Boat Company for $255 million in July 2021.
- In March 2023, the company acquired Lithionics Battery, a provider of battery management systems for lithium batteries.
Capital Expenditures
- Winnebago Industries' capital expenditures were $44.9 million in Fiscal Year 2021, $88.0 million in Fiscal Year 2022, and $92.8 million in Fiscal Year 2025.
- The company plans to invest $35.0 million to $45.0 million in capital expenditures for Fiscal Year 2026.
- Planned capital expenditures for Fiscal Year 2026 will focus on facility improvements, operational enhancements, and digital capabilities.
Peer Outperformance in Automobile Manufacturers
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -15.1% | 103.6% | 70.6% | LINC 321% · CVSA 259% · UTI 231% |
| Homebuilding | 18 | -4.9% | 32.7% | 55.2% | GRBK 190% · TOL 161% · PHM 158% |
| Hotels, Resorts & Cruise Lines | 22 | 17.7% | 53.5% | 16.5% | RCL 274% · MAR 177% · HLT 169% |
| Automotive Retail | 18 | -13.8% | 2.5% | 14.1% | MUSA 278% · PAG 186% · ORLY 122% |
| Specialty Stores | 7 | -5.5% | 33.8% | 10.0% | DKS 91% · ASO 25% · SIG 23% |
| Home Improvement Retail | 5 | -16.5% | 1.0% | 8.5% | HD 16% · LOW 16% · HVT 8% |
| Casinos & Gaming | 20 | -7.2% | -24.1% | 2.4% | BRAG 1014% · MCRI 112% · RSI 95% |
| Specialized Consumer Services | 10 | -11.3% | 15.8% | -5.3% | HRB 150% · FTDR 97% · SCI 43% |
| Restaurants | 34 | -7.4% | -5.4% | -7.2% | EAT 370% · CAKE 196% · RAVE 159% |
| Distributors | 4 | -8.0% | -24.6% | -7.6% | ARMK 160% · GPC 26% · LKQ -41% |
| Home Furnishings | 4 | -2.8% | 30.6% | -12.3% | SGI 58% · LZB 8% · MHK -32% |
| Footwear | 9 | 58.9% | 44.6% | -14.5% | WEYS 156% · DECK 27% · SHOO 26% |
| Automotive Parts & Equipment | 38 | -9.1% | -5.3% | -31.9% | MOD 1423% · GTX 275% · STRT 106% |
| Leisure Products | 13 | -4.0% | -10.0% | -32.5% | GOLF 86% · HAS 18% · MCFT 1% |
| Apparel, Accessories & Luxury Goods | 27 | 3.5% | -2.0% | -35.2% | TPR 250% · RL 248% · ELA 229% |
| Apparel Retail | 25 | -1.4% | 3.7% | -38.5% | DXLG 187% · ANF 180% · ROST 103% |
| Leisure Facilities | 12 | -15.2% | -8.6% | -39.7% | OSW 177% · JAKK 115% · ESCA 12% |
| Household Appliances | 18 | 7.7% | 37.4% | -40.6% | KEQU 176% · FLXS 147% · HBB 122% |
| Broadline Retail | 15 | 5.9% | 12.5% | -50.4% | DDS 296% · AMZN 58% · EBAY 55% |
| Computer & Electronics Retail | 3 | -19.2% | 7.8% | -55.8% | BBY -4% · GME -56% · UPBD -61% |
| Automobile Manufacturers ← | 8 | -70.4% | -67.2% | -68.8% | GM 90% · F 54% · TSLA 54% |
| Consumer Electronics | 11 | -18.5% | -21.6% | -75.5% | AXIL 2348% · GRMN 91% · TBCH -54% |
| Other Specialty Retail | 18 | -28.1% | -44.1% | -77.8% | BBW 212% · TLF 105% · WINA 95% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 80.16 |
| Mkt Cap | 2.6 |
| Rev LTM | 4,829 |
| Op Inc LTM | 257 |
| FCF LTM | 163 |
| FCF 3Y Avg | 279 |
| CFO LTM | 291 |
| CFO 3Y Avg | 347 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.6% |
| Rev Chg 3Y Avg | -3.2% |
| Rev Chg Q | -1.3% |
| QoQ Delta Rev Chg LTM | -0.4% |
| Op Inc Chg LTM | 3.6% |
| Op Inc Chg 3Y Avg | -23.5% |
| Op Mgn LTM | 4.3% |
| Op Mgn 3Y Avg | 5.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 5.3% |
| CFO/Rev 3Y Avg | 7.3% |
| FCF/Rev LTM | 3.7% |
| FCF/Rev 3Y Avg | 5.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.6 |
| P/S | 0.5 |
| P/Op Inc | 10.9 |
| P/EBIT | 8.9 |
| P/E | 13.8 |
| P/CFO | 8.6 |
| Total Yield | 7.7% |
| Dividend Yield | 3.3% |
| FCF Yield 3Y Avg | 9.1% |
| D/E | 0.5 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.9% |
| 3M Rtn | -3.2% |
| 6M Rtn | -29.8% |
| 12M Rtn | -17.8% |
| 3Y Rtn | -11.7% |
| 1M Excs Rtn | 0.3% |
| 3M Excs Rtn | -3.8% |
| 6M Excs Rtn | -40.9% |
| 12M Excs Rtn | -33.5% |
| 3Y Excs Rtn | -86.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Towable recreation vehicles (RV) | 1,220 | 1,319 | 1,415 | 2,597 | 2,010 |
| Motorhome recreation vehicles (RV) | 1,160 | 1,280 | 1,560 | 1,911 | 1,539 |
| Marine | 368 | 326 | 470 | 425 | |
| Corporate / All Other | 50 | 49 | 46 | 24 | 81 |
| Total | 2,798 | 2,974 | 3,491 | 4,958 | 3,630 |
| $ Mil | 2025 | 2001 | 2000 |
|---|---|---|---|
| Towable recreation vehicles (RV) | 73 | ||
| Marine | 28 | ||
| Motorhome recreation vehicles (RV) | -7 | ||
| Corporate / All Other | -36 | ||
| Dealer Financing | 4 | 4 | |
| General Corporate | -1 | -0 | |
| Recreation Vehicles | 52 | 67 | |
| Total | 57 | 55 | 71 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Motorhome recreation vehicles (RV) | 796 | 788 | 802 | 823 | 728 |
| Towable recreation vehicles (RV) | 697 | 719 | 751 | 875 | 790 |
| Marine | 370 | 378 | 427 | 416 | 103 |
| Corporate / All Other | 292 | 499 | 452 | 302 | 441 |
| Total | 2,154 | 2,384 | 2,432 | 2,417 | 2,063 |
Price Behavior
| Market Price | $31.78 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 11/01/1984 | |
| Distance from 52W High | -34.8% | |
| 50 Days | 200 Days | |
| DMA Price | $30.63 | $34.82 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 3.8% | -8.7% |
| 3M | 1YR | |
| Volatility | 45.6% | 51.3% |
| Downside Capture | 132.48 | 76.63 |
| Upside Capture | 152.31 | 49.83 |
| Correlation (SPY) | 25.6% | 21.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.13 | 0.66 | 0.94 | 0.68 | 0.90 | 1.18 |
| Up Beta | -3.83 | -1.83 | -0.59 | -0.14 | 0.92 | 1.39 |
| Down Beta | 1.20 | 0.74 | 0.74 | 0.95 | 1.47 | 1.18 |
| Up Capture | 70% | 157% | 119% | 30% | 53% | 51% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 21 | 30 | 62 | 127 | 364 |
| Down Capture | 119% | 117% | 162% | 133% | 81% | 106% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 22 | 33 | 64 | 125 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WGO | |
|---|---|---|---|---|
| WGO | -4.0% | 51.6% | 0.08 | - |
| Sector ETF (XLY) | 4.3% | 19.6% | 0.10 | 28.8% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 21.7% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 2.5% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -9.0% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 34.8% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WGO | |
|---|---|---|---|---|
| WGO | -13.3% | 44.8% | -0.18 | - |
| Sector ETF (XLY) | 6.2% | 24.1% | 0.22 | 49.7% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 44.7% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 0.7% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 2.8% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 41.4% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 20.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WGO | |
|---|---|---|---|---|
| WGO | 4.9% | 49.0% | 0.28 | - |
| Sector ETF (XLY) | 12.3% | 22.2% | 0.51 | 49.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 47.0% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 0.6% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 14.1% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 41.2% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 14.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 7/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/25/2026 | 13.2% | 13.9% | 12.8% |
| 3/25/2026 | -6.9% | -11.7% | -6.0% |
| 12/19/2025 | 8.4% | 3.8% | 20.7% |
| 10/22/2025 | 28.5% | 28.4% | 3.0% |
| 6/25/2025 | -9.9% | -2.2% | 1.1% |
| 3/27/2025 | 8.1% | 3.1% | -4.7% |
| 12/20/2024 | -3.8% | -9.6% | -6.4% |
| 10/23/2024 | -10.8% | -0.9% | -1.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 14 |
| # Negative | 16 | 15 | 10 |
| Median Positive | 7.1% | 9.7% | 4.0% |
| Median Negative | -4.7% | -3.4% | -5.4% |
| Max Positive | 28.5% | 28.4% | 29.3% |
| Max Negative | -11.8% | -13.2% | -13.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/25/2026 | 13.2% | 13.9% | 12.8% |
| 3/25/2026 | -6.9% | -11.7% | -6.0% |
| 12/19/2025 | 8.4% | 3.8% | 20.7% |
| 10/22/2025 | 28.5% | 28.4% | 3.0% |
| 6/25/2025 | -9.9% | -2.2% | 1.1% |
| 3/27/2025 | 8.1% | 3.1% | -4.7% |
| 12/20/2024 | -3.8% | -9.6% | -6.4% |
| 10/23/2024 | -10.8% | -0.9% | -1.2% |
| 6/20/2024 | -3.5% | -7.0% | 0.2% |
| 3/21/2024 | 6.2% | 10.3% | -4.1% |
| 12/20/2023 | -5.6% | -1.8% | -8.3% |
| 10/18/2023 | -3.2% | -1.2% | 13.1% |
| 6/21/2023 | -1.3% | -0.2% | 6.0% |
| 3/22/2023 | -1.7% | -2.5% | 2.2% |
| 12/16/2022 | -0.8% | -4.4% | 0.3% |
| 10/19/2022 | -10.3% | -3.4% | -4.5% |
| 6/22/2022 | 5.7% | 10.1% | 29.3% |
| 3/23/2022 | -11.8% | -9.9% | -10.2% |
| 12/17/2021 | 0.8% | 4.8% | 5.0% |
| 10/20/2021 | -3.1% | -9.7% | 0.6% |
| 6/23/2021 | -0.8% | 1.1% | 1.8% |
| 3/24/2021 | -7.4% | -0.3% | -3.8% |
| 12/18/2020 | 5.3% | 9.7% | 14.5% |
| 10/21/2020 | -11.7% | -13.2% | -13.4% |
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 14 |
| # Negative | 16 | 15 | 10 |
| Median Positive | 7.1% | 9.7% | 4.0% |
| Median Negative | -4.7% | -3.4% | -5.4% |
| Max Positive | 28.5% | 28.4% | 29.3% |
| Max Negative | -11.8% | -13.2% | -13.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 03/25/2026 | 10-Q |
| 11/30/2025 | 12/19/2025 | 10-Q |
| 08/31/2025 | 10/22/2025 | 10-K |
| 05/31/2025 | 06/25/2025 | 10-Q |
| 02/28/2025 | 03/27/2025 | 10-Q |
| 11/30/2024 | 12/20/2024 | 10-Q |
| 08/31/2024 | 10/23/2024 | 10-K |
| 05/31/2024 | 06/20/2024 | 10-Q |
| 02/29/2024 | 03/21/2024 | 10-Q |
| 11/30/2023 | 12/20/2023 | 10-Q |
| 08/31/2023 | 10/18/2023 | 10-K |
| 05/31/2023 | 06/21/2023 | 10-Q |
| 02/28/2023 | 03/22/2023 | 10-Q |
| 11/30/2022 | 12/16/2022 | 10-Q |
| 08/31/2022 | 10/19/2022 | 10-K |
| 05/31/2022 | 06/22/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 03/25/2026 | 10-Q |
| 11/30/2025 | 12/19/2025 | 10-Q |
| 08/31/2025 | 10/22/2025 | 10-K |
| 05/31/2025 | 06/25/2025 | 10-Q |
| 02/28/2025 | 03/27/2025 | 10-Q |
| 11/30/2024 | 12/20/2024 | 10-Q |
| 08/31/2024 | 10/23/2024 | 10-K |
| 05/31/2024 | 06/20/2024 | 10-Q |
| 02/29/2024 | 03/21/2024 | 10-Q |
| 11/30/2023 | 12/20/2023 | 10-Q |
| 08/31/2023 | 10/18/2023 | 10-K |
| 05/31/2023 | 06/21/2023 | 10-Q |
| 02/28/2023 | 03/22/2023 | 10-Q |
| 11/30/2022 | 12/16/2022 | 10-Q |
| 08/31/2022 | 10/19/2022 | 10-K |
| 05/31/2022 | 06/22/2022 | 10-Q |
| 02/28/2022 | 03/23/2022 | 10-Q |
| 11/30/2021 | 12/17/2021 | 10-Q |
| 08/31/2021 | 10/20/2021 | 10-K |
| 05/31/2021 | 06/23/2021 | 10-Q |
| 02/28/2021 | 03/24/2021 | 10-Q |
| 11/30/2020 | 12/18/2020 | 10-Q |
| 08/31/2020 | 10/21/2020 | 10-K |
| 05/31/2020 | 06/24/2020 | 10-Q |
| 02/29/2020 | 03/25/2020 | 10-Q |
| 11/30/2019 | 12/20/2019 | 10-Q |
| 08/31/2019 | 10/23/2019 | 10-K |
| 05/31/2019 | 06/20/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q3 2026 Earnings Reported 6/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 North American RV wholesale shipments | 0.29 Mil | 0.30 Mil | 0.31 Mil | -9.1% | Lowered | Guidance: 0.33 Mil for 2026 | |
| 2026 Consolidated net revenues | 2.65 Bil | 2.70 Bil | 2.75 Bil | -6.9% | Lowered | Guidance: 2.90 Bil for 2026 | |
| 2026 Reported earnings per diluted share | 1.05 | 1.23 | 1.4 | -33.8% | Lowered | Guidance: 1.85 for 2026 | |
| 2026 Adjusted earnings per diluted share | 1.65 | 1.82 | 2 | -25.5% | Lowered | Guidance: 2.45 for 2026 | |
Prior: Q2 2026 Earnings Reported 3/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 North American RV wholesale shipments | 0.32 Mil | 0.33 Mil | 0.34 Mil | 0 | Affirmed | Guidance: 0.33 Mil for 2026 | |
| 2026 Revenue | 2.80 Bil | 2.90 Bil | 3.00 Bil | 0 | Affirmed | Guidance: 2.90 Bil for 2026 | |
| 2026 Reported EPS | 1.5 | 1.85 | 2.2 | 5.7% | Raised | Guidance: 1.75 for 2026 | |
| 2026 Adjusted EPS | 2.1 | 2.45 | 2.8 | 0 | Affirmed | Guidance: 2.45 for 2026 | |
Q1 2026 Earnings Reported 12/19/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 North American RV wholesale shipments | 0.34 Mil | 0.34 Mil | 0.34 Mil | 3.0% | Raised | Guidance: 0.33 Mil for 2025 | |
| 2026 North American RV wholesale shipments | 0.32 Mil | 0.33 Mil | 0.34 Mil | 0 | Affirmed | Guidance: 0.33 Mil for 2026 | |
| 2026 Consolidated net revenues | 2.80 Bil | 2.90 Bil | 3.00 Bil | 1.8% | Raised | Guidance: 2.85 Bil for 2026 | |
| 2026 Reported earnings per diluted share | 1.4 | 1.75 | 2.1 | 9.4% | Raised | Guidance: 1.6 for 2026 | |
| 2026 Adjusted earnings per diluted share | 2.1 | 2.45 | 2.8 | 4.3% | Raised | Guidance: 2.35 for 2026 | |
Insider Activity
Updated 8/20/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Woodson, Bret A | SVP-CHRO | Direct | Sell | 8202026 | 31.73 | 1,235 | 39,187 | 995,465 | Form |
| 2 | Woodson, Bret A | SVP-CHRO | Direct | Sell | 8142026 | 32.66 | 2,414 | 78,841 | 1,021,409 | Form |
| 3 | Happe, Michael J | PRESIDENT & CEO | Direct | Sell | 8142026 | 32.68 | 12,045 | 393,631 | 11,416,725 | Form |
| 4 | Happe, Michael J | PRESIDENT & CEO | Direct | Sell | 10292025 | 41.38 | 7,105 | 294,005 | 14,379,591 | Form |
| 5 | Armbruster, Sara E | Direct | Buy | 10272025 | 40.27 | 2,700 | 108,729 | 580,935 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Woodson, Bret A | SVP-CHRO | Direct | Sell | 8202026 | 31.73 | 1,235 | 39,187 | 995,465 | Form |
| 2 | Woodson, Bret A | SVP-CHRO | Direct | Sell | 8142026 | 32.66 | 2,414 | 78,841 | 1,021,409 | Form |
| 3 | Happe, Michael J | PRESIDENT & CEO | Direct | Sell | 8142026 | 32.68 | 12,045 | 393,631 | 11,416,725 | Form |
| 4 | Happe, Michael J | PRESIDENT & CEO | Direct | Sell | 10292025 | 41.38 | 7,105 | 294,005 | 14,379,591 | Form |
| 5 | Armbruster, Sara E | Direct | Buy | 10272025 | 40.27 | 2,700 | 108,729 | 580,935 | Form |
Investor Activity (13F)
Updated Aug 23, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Winnebago Industries — Investor Video Playlist
Industry Resources
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| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automobile Manufacturers Resources |
| MotorTrend |
| Car and Driver |
| The Drive |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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