Chris-Craft and Barletta parent Winnebago Industries today reported financial results for its fiscal 2025 second quarter, ended March 1.
Marine segment net revenues were up year-over-year, primarily due to unit volume and partially offset by a reduction in average selling price per unit related to product mix. Net revenues for the second quarter were $81.7 million, compared with $69.8 million in the year-ago quarter, an increase of 17.1%.
“In our marine segment, Barletta continues to grow its share of the U.S. aluminum pontoon market and outperform the category,” Winnebago president and CEO Michael Happe said in a statement. For the 12-month period ended Feb. 28, “Barletta achieved a market share of 9.5%, an improvement of 140 basis points over the prior-year period and placing Barletta as the No. 3 player in aluminum pontoons.”
Overall net revenues were $620.2 million, a decrease of 11.8% compared with $703.6 million in the second quarter of last year. Gross profit was $83.1 million, a decrease of 21.1% year-over-year compared with $105.3 million. Net loss was $0.4 million, compared with net loss of $12.7 million a year ago.
Based on the second quarter results and its outlook for the balance of the year, Winnebago is updating its fiscal 2025 outlook for sales of $2.8 billion to $3 billion, the statement said. The outlook takes into account prevailing trends in the recreational vehicle and marine sectors, including competitive dynamics, shifts in consumer preferences, dealer ordering patterns and key macroeconomic factors, including changes to trade practices and other policies, that may influence overall demand.
