Thor Industries, the recreational-vehicle maker, has provided guidance for fiscal 2024, highlighting its advantage during uncertain conditions. The company predicts sales for the fiscal year to be between $10.5 billion and $11 billion, with earnings per share estimated to be in the range of $6.25 and $7.25.
Although macroeconomic data and dealer sentiment have shown signs of improvement throughout the summer selling season, Thor Industries acknowledges the ongoing challenges. Based in Elkhart, Indiana, the company plans to make investments in fiscal 2024 that will impact its earnings per share for the period but ultimately yield promising results in the long term.
In North America, Thor Industries forecasts an industry wholesale shipment range of 350,000 to 365,000 units, ensuring that wholesale shipments align with retail demand.
Chief Executive Bob Martin expressed confidence in the company’s ability to navigate uncertainty, stating, “Our experienced operating management teams and proven business model continue to give us an advantage.”
The issuance of guidance coincided with Thor Industries’ fourth-quarter results, which revealed a significant decline in sales due to various challenges faced during fiscal 2023, including higher interest rates and rising inflation.