Thor Industries, Inc. (NYSE:THO) posted quarterly results that exceeded analyst expectations on Thursday, sending the stock up 1.62% in pre-market trading. The recreational vehicle maker delivered a solid start to fiscal 2026, with revenue rising 11.5% year over year to $2.39 billion as the company continued to capture market share despite a still-fragile consumer backdrop.
Earnings came in at $0.41 per share, a sharp turnaround from the loss of -$0.03 per share recorded in the same quarter last year.
Growth was led by strong performance in the North American Motorized RV segment, where sales grew 30.9% to $661.1 million and unit shipments climbed 32.3%. The European RV division added to the momentum with an 8.4% sales increase to $655.5 million. Meanwhile, the North American Towable RV business held steady at $897.1 million.
“The quarter finished stronger than we expected, and we are excited about the impact of the actions we are taking to improve the strength of our business,” said Bob Martin, President and CEO of Thor Industries. “While dealers have a near-term cautious tone around the state of the consumer, I have never felt more confident about the long-term health of the industry and our Company.”
Gross margin widened by 30 basis points to 13.4%, reflecting the company’s operational improvements even as retailers and consumers navigated what Thor described as “unprecedented consumer uncertainty” tied to government funding worries and tariff-related concerns.
Thor reaffirmed its full-year forecast for fiscal 2026, still targeting consolidated net sales of $9.0 billion to $9.5 billion and diluted earnings per share between $3.75 and $4.25.