THOR Industries Stock Drops 8% Despite Strong Q1 Performance
THOR Industries (THO) shares fell sharply by 8.76% to $101.07 in early trading, despite reporting robust fiscal first-quarter results for 2026. Revenue climbed 11.5% year-over-year to $2.39 billion, with gross profit rising 14% to $320.97 million. Net income showed a significant turnaround, reaching $21.67 million compared to a loss of $1.83 million in the prior year.
Market sentiment turned negative as operational cash FLOW weakened, shifting from $30.74 million provided last year to $44.87 million used this quarter. North American RV sales outperformed, while European margins faced pressure. The disconnect between strong fundamentals and stock performance highlights investor concerns over liquidity.