Thor Industries Sounds Caution on RV Demand and Earnings for Fiscal Q2 2024
Wednesday, 6 March 2024, 19:42
Thor Industries Stock Decline
The RV maker Thor Industries (NYSE: THO) reports lower earnings and revenue figures, resulting in a 13% stock price drop. The company's caution on 2024 RV demand and reduced guidance raise concerns among investors.
Economic Pressures and Inventory Cuts
Higher interest rates lead to inventory limits, affecting dealers' inventories and expenses. Thor's reduced earnings view for fiscal 2024 indicates challenges ahead in managing retail demand and stock levels.
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