Is Winnebago a Buy After Reporting Record Fiscal Q1 Earnings?

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For its fiscal year 2022 first quarter, ended November 27, 2021, WGO’s revenues increased 45.7% year-over-year to a record $1.20 billion, surpassing the FactSet consensus estimate of $1.03 billion. This can be attributed to 37.5% organic growth, driven by strong consumer demand and pricing increases. Its gross profit came in at $229.40 million, up 67.4% from the year-ago value. Its net income improved 73.5% from the same period last year to $99.60 million. And its adjusted EPS stood at $3.51, reflecting a 97.2% rise from the prior-year quarter. And the company beat the Street’s EPS estimates by 50%.

Following the earnings release on December 17, shares of WGO gained 1.1% intraday to close Friday’s trading session at $68.41. WGO outperformed the broader S&P 500 index, which declined 0.6% intraday on Friday. Furthermore, the stock has gained 14.1% in price year-to-date.

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