Thor Industries’ Sales Drop 28 Percent In Fiscal Fourth Quarter, Exceed Plan
September 25, 2023
Thor Industries Inc.’s tumbled 67.9 percent on a 28.4 percent revenue decline in the fiscal fourth quarter ended July 31 but both came in well above analyst targets. The RV maker predicted sales will decline about 3 percent in the current fiscal year following a 31.8 percent slide this past fiscal year.
Sales for the fourth quarter were $2.74 billion, a decrease of 28.4 percent compared to the record fourth quarter of fiscal 2022. Net income declined to $90.3 million, or $1.68 a share, from $280.9 million, or $5.15, a year ago. SGB