Why Thor Industries Stock Lost Nearly 14% of Its Value This Week
The stock of the world's largest recreational vehicle (RV) maker, Thor Industries (NYSE: THO), was looking a bit diminished over the past five trading days. After it posted financial results that disappointed the market, investors traded out of the veteran company. They left its shares with a loss of almost 14% across the week, according to data compiled by S&P Global Market Intelligence.For Thor's second quarter of fiscal 2025, net sales saw an almost 9% year-over-year decline to slightly more than $2 billion. More dramatically, the company made a swerve into a loss on the bottom line -- it posted a GAAP net loss of $551,000 ($0.01 per share) against the $7.2 million profit it booked in the same quarter of fiscal 2024. Analysts tracking Thor stock were expecting the company to land comfortably in the black, to the tune of $0.08 per share for the period. On a slightly brighter note, they underestimated net sales; their collective projection for the metric was $1.97 billion.Continue reading
The stock of the world's largest recreational vehicle (RV) maker, Thor Industries (NYSE: THO), was looking a bit diminished over the past five trading days. After it posted financial results that disappointed the market, investors traded out of the veteran company. They left its shares with a loss of almost 14% across the week, according to data compiled by S&P Global Market Intelligence.
For Thor's second quarter of fiscal 2025, net sales saw an almost 9% year-over-year decline to slightly more than $2 billion. More dramatically, the company made a swerve into a loss on the bottom line -- it posted a GAAP net loss of $551,000 ($0.01 per share) against the $7.2 million profit it booked in the same quarter of fiscal 2024.
Analysts tracking Thor stock were expecting the company to land comfortably in the black, to the tune of $0.08 per share for the period. On a slightly brighter note, they underestimated net sales; their collective projection for the metric was $1.97 billion.
