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Thor Industries Misses Q1 Estimates Amid Recreational Vehicle Market Weakness, But Optimistic About H2 Recovery

Thor Industries, Inc. (NYSE:THO) shares are trading lower premarket on Wednesday. Quarterly sales of $2.143 billion, down 14.3% year over year, missed the analyst consensus of $2.241 billion. The company reported first-quarter EPS of $(0.03) versus $0.99 prior year. Adjusted EPS of $0.26 missed the consensus of $0.71. North American Towable RV net sales were down 4.9% Y/Y, North American Motorized RV net sales decreased 29.0%, and European RV net sales decreased 14.6% in the quarter. Quarterly g