Thor Sharpens Its Profits While the North American Market Remains Soft
Thor Industries (NYSE: THO) released fiscal first-quarter 2020 earnings on Monday before the markets opened for trading, and it received an expected boost from European sales due to its February 2019 acquisition of Erwin Hymer Group (EHG). The recreational vehicle (RV) manufacturer's North American sales continued to decline, however, although management did indicate that ongoing dealer inventory rationalization was nearly complete. Let's dive into the quarter's pertinent details below, bearing in mind that all comparative numbers refer to the prior-year quarter.
Data source: Thor Industries.
Image source: Getty Images.
Source Fool.com
