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Forum List » Business News and Headlines SEC Filings, Earing Reports, Press Releases  
Winnebago Industries Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: March 30, 2012 11:00AM
Winnebago Industries Inc. (WGO) filed Quarterly Report for the period ended 2012-02-25. Highlight of Business Operations:Cost of goods sold was $124.8 million, or 94.8% of net revenues for the second quarter of Fiscal 2012 compared to $95.3 million, or 89.4% of net revenues for the comparable period a year ago due to the following:Selling expenses increased $738,000, or 22.7% during the second quarter of Fiscal 2012 and, as a percent of net revenues, were 3.0% and 3.1% for the second quarters of Fiscal 2012 and Fiscal 2011, respectively. The expense increase was due primarily to operating expenses associated with Towables. Cost of goods sold was $248.1 million, or 94.2% of net revenues for the six months of Fiscal 2012 compared to $207.8 million, or 90.2% of net revenues for the comparable period a year ago due to the following: Selling expenses increased $1.6 million, or 25.0% during the six months of Fiscal 2012 and, as a percent of net revenues were 3.1% and 2.8% for the six months of Fiscal 2012 and Fiscal 2011, respectively. The expense increase was due primarily to operating expenses associated with Towables and increases in employee-related expenses. revenues were 2.9% and 3.3% for the six months of Fiscal 2012 and Fiscal 2011, respectively. Increases in operating expenses associated with Towables and employee-related expenses in the six months of Fiscal 2012 were partially offset by decreases in legal expenses and product liability and the absence of accrued incentives when compared to the same period in Fiscal 2011.
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