NEWS | Winnebago Stock CRATERS, Layoffs Follow, Camping World is Selling MORE New RVs, RV AC Recall

RV Miles Podcast

RV Miles Network

Society & Culture:places & Travel, Society & Culture, Places & Travel

4.9 • 1.3K Ratings

🗓️ 29 October 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to RV Miles! In this episode, Winnebago faces challenges with a significant drop in quarterly earnings and announces layoffs. Camping World reports a shift in RV sales trends and hints at future acquisitions. Additionally, GE air conditioners in RVs are being recalled due to a potential fire hazard. Tune in for more details and updates on the RV industry. Visit etrailer for all your RV and towing parts and accessories: https://www.etrailer.com/?etam=p0001 GE Recall Notice: https://static.nhtsa.gov/odi/rcl/2024/RCLRPT-24E071-7190.PDF ***** Become a Mile Marker Member and support this content. Learn more at https://RVMiles.com/milemarkers Subscribe to the RV Miles Podcast Channel: https://www.youtube.com/RVMilesPodcast. ******************************Connect with RV Miles: RV Miles Facebook Group: https://www.facebook.com/groups/rvmilesShop the RV Miles Amazon Store: https://www.amazon.com/shop/rvmilesRV Miles Mailing List: https://rvmiles.com/mailinglistMile Marker Membership: https://rvmiles.com/milemarkers 00:00 Introduction and Sponsor Message01:05 Winnebago's Financial Struggles03:44 Camping World's Earnings Report05:13 Upcoming Reports and Industry Trends05:39 GE Air Conditioner Recall06:28 Conclusion

Transcript

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0:00.0	I'm Jason Epperson. This is RV Miles and it's time for the latest in RV and camping news.
0:07.0	Welcome back everybody. This episode is sponsored by our friends at e-trailer.com.
0:12.0	People are often asking me, where online can I go find parts for my
0:16.4	RV? Sometimes it's hard to find them at dealership websites. You don't want to pay a certain
0:21.0	dealership chain. You don't want to go to Amazon or Amazon doesn't have the product
0:25.6	you're looking for. E-trailer.com has everything.
0:28.6	Whether you need a small part for your water heater
0:31.1	or you need a full brand new refrigerator, you can find it over at e-trailer.com and they have a really cool new feature
0:37.4	They now have an installer locator so when you find the product you're looking for and you don't have the time or the knowledge to install it,
0:44.4	click on the schedule and installation button and they're going to give you a list of local installers near you.
0:50.0	It's going to have reviews of those installers, and it's going to show you how often that installer has installed products like that
0:56.2	So when you need to find a trusted RV part installer quickly head over to e-trailer
1:00.9	com and use their install locator to schedule and install today.
1:05.4	Okay, it's a light week this week. We don't have a ton of news, but there are a couple big pieces of news.
1:09.8	It's been a big week, particularly for quarterly earnings reports on Wall Street, and in the RV industry things continue to get rough for Winnebago, who also manufactures Newmar Motor Homes and Grand Design towables.
1:24.0	Winnebago Industry's stock had its worst day in two years
1:28.0	as it was announced that the RV maker missed profit expectations
1:32.0	by a wide margin.
1:34.0	Winnebago reported adjusted earnings of 28 cents per share
1:38.0	for their fourth quarter fiscal 2024,
1:41.0	missing the Zax consensus estimate of 91 cents plunging 82.3% year over year.
1:50.0	Gross profit for the full fiscal year was 433.5 million, a decrease of 26% compared to the 586.1 million in fiscal 2023. A lot of that profit decrease is related to various higher operating expenses,
	...

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