Thor Industries Stock Sinks After RV Maker Swings to Loss, Cuts Outlook
1. Thor Industries reported a surprising loss, missing profit expectations. 2. Revenue declined 9% year-over-year to $2.02 billion, exceeding some forecasts. 3. Motorized RV sales in North America and Europe sank 22% each. 4. EPS outlook lowered from $4.00-$5.00 to $3.30-$4.00 due to margin pressure. 5. Shares tumbled 15%, reflecting ongoing consumer demand slowdown.