BUZZ - Thor Industries shares rise as quarterly revenue beats expectations

September 22 - ** The stock price of recreational vehicle manufacturer Thor Industries (THO.N) rose about 4% in pre-market trading, reported at $72.50

** THO’s fourth-quarter revenue exceeded expectations, with increased shipments and price hikes in Europe helping to offset weakness in the North American market

** Fourth-quarter revenue reached $2.31 billion, higher than the $2.17 billion expected according to LSEG aggregation

** However, due to factors such as high interest rates, rising raw material costs, and increased promotional activities weighing on margins, the company missed profit expectations for the quarter

** The report shows fourth-quarter earnings per share were $0.78, versus market expectations of $0.91

** "We expect that the retail environment in fiscal 2027 will be essentially flat compared to fiscal 2026, and in the near term we will face many of the same headwinds as in fiscal 2026," said Chief Operating Officer Todd Woelfer

** As of the close of the previous trading day, the company’s share price had fallen about 32% year-to-date

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