Thor Industries Inc (NYSE:THO) stock rose 2.14% (As on March 6, 11:21:14 AM UTC-4, Source: Google Finance) after the company posted mixed results for the second quarter of FY25. North American Towable RV net sales for the second quarter of fiscal 2025 increased 13.3% compared to the prior-year period. This increase in net sales was the result of a 27.6% increase in unit shipments, partially offset by a 14.3% decrease in the overall net price per unit, as the product mix in the current-year period shifted more toward our lower-cost travel trailers. North American Motorized RV net sales decreased 21.8% for the second quarter of fiscal 2025 compared to the prior-year period. The decrease resulted from a 20.5% reduction in unit shipments, primarily due to a softening in dealer and consumer demand in the current-year period, along with a 1.3% decrease in net price per unit primarily due to our Class A product mix shifting toward a higher concentration of the more moderately-priced Class A units, along with higher discounting levels in comparison to the prior-year period. European RV net sales decreased 21.7% for the second quarter of fiscal 2025 compared to the prior-year period driven by a 27.8% decrease in unit shipments offset in part by a 6.1% increase in the overall net price per unit. The increase in overall net price per unit includes an 8.9% increase from the combined impact of changes in product mix and price partially offset by a 2.8% decrease due to the impact of changes in the foreign currency exchange rate.

THO in the second quarter of FY25 has reported the adjusted loss per share of 1 cents, missing the analysts’ estimates for the adjusted earnings per share of 8 cents. The company had reported the adjusted revenue decline of 8.6 percent to $2.02 billion in the second quarter of FY25, beating the analysts’ estimates for revenue of $1.97 billion. This is driven by lower shipments in its North American Motorized and European RV segments. Gross profit margin contracted to 12.1% from 12.3% in the year-ago quarter.

Thor narrowed and revised its full-year fiscal 2025 guidance, now expecting consolidated net sales of $9.0 billion to $9.5 billion, down from its previous range of $9.0 billion to $9.8 billion. The company also lowered its diluted EPS forecast to $3.30 to $4.00, compared to the prior outlook of $4.00 to $5.00.