Winnebago results - third quarter of fiscal year 2007
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WINNEBAGO INDUSTRIES REPORTS RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2007


June 15, 2007--Winnebago reported financial results for the Company's third quarter and first nine months of fiscal year 2007 ended May 26, 2007.
  • Revenues for the quarter were $231.7 million, an increase of 5.2 percent, compared to revenues of $220.3 million for the third quarter last fiscal year.
  • Net income for the third quarter was $11.3 million, a decrease of 14.4 percent compared to net income of $13.2 million for the third quarter of fiscal 2006
  • Revenues increased 5.2 percent for the quarter due to a higher mix of Class A motor home deliveries. However, gross profit for the third quarter was negatively impacted by an increase in the mix of lower-margin motor homes in both Class A and Class C categories, as well as escalating materials and labor costs related to model year 2007 products
  • Net income for the third quarter was additionally impacted by increased selling expenses due to the acceleration of the Company's Dealer Days event from the fourth quarter to the third quarter, and increased general and administrative expenses primarily as a result of increased bonus expense due to the Company achieving a portion of its incentive compensation objectives.
  • Revenues for the first nine months of fiscal 2007 were $632.5 million, a decrease of 4.0 percent compared to $659.0 million for the same period last fiscal year. Net income for the first nine months of fiscal 2007 was $26.7 million, a decrease of 24.6 percent compared to $35.4 million for the same period of fiscal 2006.

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John :   Where is the "Peoples RV"? Henry Ford gave his generation the $300.00 car Even Hitler came up with the VW bug. Where is a $40000 motor home? Average net worth of soon to be retired people is $70000. Help Fleetwood/Winnebago!!!!

Connie K :   I don't see any signs that Winnebago are trying to make fuel efficient RVs or trying to do anything about the environment. Sales are up but profits down. Where is the research and development? Why is it that we do not have a hybird motorhome. I thought Winnebago would have one on the market by now.

 

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