Winnebago Investors Brace for Bad News on Wednesday
Winnebago (NYSE: WGO) investors had plenty of reasons for optimism before the recent COVID-19 outbreak. While the recreational vehicle industry was contracting following a modest decline in 2018, the company's last few earnings reports showed it was winning market share through most of 2019. Sales even returned to growth in Winnebago's struggling motorized division last quarter.
The company's upcoming second-quarter fiscal 2020 report, slated for release on Wednesday, March 25, will take place in a far different economic environment. While investors will be watching to see how well sales fared during the start of Winnebago's key spring season, more attention will be focused on how management plans to weather the sales slump that's accompanying social distancing moves in the U.S. Winnebago might also detail a few significant initiatives aimed at slashing its fixed cost base.
Let's take a closer look.
Source Fool.com
