Winnebago Industries Revenue Falls 17% in Fiscal Fourth Quarter

Winnebago Industries’ fiscal fourth-quarter revenue fell 17% as lower unit volume and changes in product mix weighed on sales, while quarterly operating cash flow reached $142.5 million. The motorhome, travel trailer and boat maker posted revenue of $645.1 million, down from $777.3 million a year earlier. Selective price adjustments partly offset the sales decline. Adjusted earnings fell to $0.49 per share from $0.71. Earnings under generally accepted accounting principles declined to $0.34 per diluted share from $0.49, and gross margin narrowed to 12.5% from 12.8%.

Source: TokenPost