Winnebago Industries (NYSE: WGO) saw its stock surge 9.12% in pre-market trading on Thursday following the release of its fiscal second-quarter 2025 results, which exceeded analyst expectations despite ongoing challenges in the recreational vehicle market.

The Eden Prairie, Minnesota-based RV manufacturer reported adjusted earnings per share of $0.19, surpassing the consensus estimate of $0.13. Revenue for the quarter came in at $620.2 million, topping the expected $616.66 million. While the company reported a net loss of $0.4 million, or $0.02 per share, this marked a significant improvement from the net loss of $12.7 million, or $0.43 per share, in the same period last year.

Winnebago's Marine segment showed particularly strong performance, with net revenues up 17.1% year-over-year. The company's Barletta brand continued to gain market share in the U.S. aluminum pontoon market, achieving a 9.5% share for the 12-month period ended February 28, 2025, an improvement of 140 basis points over the prior-year period. This growth positioned Barletta as the number three player in the aluminum pontoon market. Despite the positive results, Winnebago lowered its full-year fiscal 2025 outlook, now expecting sales of $2.8 billion to $3.0 billion, down from the previous forecast of $2.9 billion to $3.2 billion, citing persistent challenges such as high interest rates and inconsistent consumer sentiment.