24.03.2016 - Winnebago Industries Company reduced revenues, but increased profits
Winnebago Industries Company announced profit growth of 16% in the last quarter. The reason for the improved financial performance was the reduction of the cost on the background of weak demand for RV. Thus the sale of motor homes fell by 3.4% in the last quarter. As a result, for the period that ended on February 27, the company received 9.4 million dollars in revenue, which is 1.3 million dollars better than a year ago, and sales fell to 225.7 million dollars. Despite the current decline is likely to continue in the near future, in the long term, we expect continued growth in the share price.