Winnebago beats by $0.03, beats on revs
- Reports Q1 (Nov) earnings of $0.70 per share, $0.03 better than the S&P Capital IQ Consensus of $0.67; revenues rose 9.7% year/year to $493.65 mln vs the $482.96 mln S&P Capital IQ Consensus.
- Gross profit margin increased 40 basis points in the quarter, driven by favorable business mix due to the strong growth in the Towable segment and improved margins in the Motorhome segment.
- In the first quarter, revenues for the Motorhome segment were $181.3 million, down 3.6% from the previous year.
- Revenues for the Towable segment were $292.8 million for the first quarter, up 12.8% over the prior year, driven by continued strong organic unit growth across the Grand Design RV branded line and pricing.