** charts before earnings **
** charts after earnings **
Winnebago Inds misses by $0.05, misses on revs :
- Reports Q1 (Nov) earnings of $0.32 per share, $0.05 worse than the Capital IQ Consensus of $0.37; revenues fell 4.5% year/year to $214.2 mln vs the $226.26 mln Capital IQ Consensus.
- First quarter gross margin increased 90 basis points year-over-year due in part to improved motorized product mix, a greater contribution from towables, lower workers' compensation expense and the realization of cost-saving benefits related to the Company's strategic sourcing initiative. The improvement was partly offset by continued labor-related manufacturing inefficiencies and unfavorable trends in warranty expense.
- First quarter Fiscal 2016 consolidated revenues decreased due primarily to lower motorized unit shipments of 5.4%, driven by reduced throughput due to manufacturing inefficiencies and a heightened focus on quality. However, towable revenues grew 24.1%, due to higher towables unit volume of 49.5%, partly offset by lower average selling price (:ASP) of 17.5%.
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