Champion Homes Expects 8% to 10% Q3 Revenue Growth Amid Margin Pressure

Champion Homes, Inc. expects revenue to rise 8% to 10% in the third quarter as cost inflation weighs on its adjusted gross margin outlook and the company cites interest rates, affordability and economic uncertainty as concerns. The company projects an adjusted gross margin of 24% to 25%. Input cost inflation accelerated faster than expected and is expected to continue into the quarter, while efforts to offset the increases have lagged. Backlog visibility and steady October traffic support the revenue outlook. Champion Homes also pointed to higher interest rates, affordability pressures and economic uncertainty.

Source: TokenPost