winnebago industries reported a 38 drop in sales for the fiscal third quarter on wednesday morning heres what you need to know earnings the eden prairie minnbased recreationalvehicle manufacturer reported a profit of 591 million or 171 a share for the three months ended may 27 compared with a profit of 1172 million or 357 a share a year ago adjusted earnings came to 213 a share topping the 178 a share expected by analysts according to factset revenue sales fell 382 to 9008 million below the 9771 million that analysts surveyed by factset were expecting that marks the third consecutive yearoveryear decline in quarterly sales for winnebago demand demand for recreational vehicles has dropped over the past year as higher interest rates have made financing bigticket purchases more expensive and stubbornly high inflation has weighed on consumer spending winnebago and rival thor industries have both responded by throttling production and working with dealerships to offer discounts on aging inventory winnebago said wednesday higher discounts and allowances weighed on sales boats motorhomes beneath the surface of winnebagos 382 drop in fiscal thirdquarter sales shifting dynamics across segments suggest that tightening financial conditions are beginning to weigh on more affluent rv buyers the companys towables segment which includes lowerpriced models has been beaten up for most of the past year and saw sales slip 523 in the recently ended quarter the motorhome segment which includes expensive rvs has been a source of strength amid the rollover in towables but winnebago saw motorhome sales fall 275 in the quarter boat sales continued to hold up rising 19 fiscal 2024 winnebago is entering its fiscal fourth quarter with an eye to setting itself up for an improved fiscal 2024 chief executive michael happe says the company is actively managing production as it is wary of flooding dealerships with models they may not be able to sell this season but it is also not wanting to surrender market share to rivals we are closely tracking and adjusting to market conditions with a focus on maintaining solid profitability market competitiveness and a preferred lot position for our premium brands with our channel partners happe says stock shares fell 48 to 6113 in premarket trading wednesday the stock is up 22 so far this year and 40 over the past 12 months write to will feuer at willfeuerwsjcom