Friday, June 15, 2007

Winnebago profit down, misses Wall Street target

(Reuters) - Analysts, on average, expected the manufacturer of motor homes to report a profit of 49 cents per share on sales of $248.21 million, according to Reuters Estimates.




Winnebago said the revenue increase was due to higher sales of Class A motor home deliveries. However, gross profit for the third quarter was hurt by an increase in sales of lower-margin motor homes in both Class A and Class C categories, as well as escalating materials and labor costs.


Read more at Reuters.com Business News

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