Winnebago Industries Inc. (WGO) witnessed a significant pre-market plunge of 5.68% on Friday, following the release of its disappointing fiscal Q1 2025 financial results.

The recreational vehicle (RV) maker reported an adjusted net loss of $0.03 per diluted share for the quarter ended November 30, 2024, swinging from earnings of $0.95 a year earlier. This missed analysts' expectations of $0.20 earnings per share. The company's revenue also declined 18% year-over-year to $625.6 million, falling short of the consensus estimate of $672 million.

According to CEO Michael Happe, the quarter's performance was impacted by "subdued consumer demand and a cautious dealer network reluctant to make significant commitments on new orders ahead of the historically slow winter season." The challenging RV and marine operating environment, marked by weak demand, weighed on Winnebago's financial results.