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Winnebago Industries Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: June 29, 2012 11:12AM

Winnebago Industries Inc. (WGO) filed Quarterly Report for the period ended 2012-05-26. Winnebago Industries, Inc. has a market cap of $287.9 million; its shares were traded at around $10.02 with a P/E ratio of 37.9 and P/S ratio of 0.6.



Highlight of Business Operations:

Cost of goods sold was $143.6 million, or 92.2% of net revenues for the third quarter of Fiscal 2012 compared to $126.9 million, or 93.6% of net revenues for the comparable period a year ago due to the following:

Selling expenses increased $723,000, or 20.0% during the third quarter of Fiscal 2012 as compared to the third quarter of Fiscal 2011, and as a percent of net revenues, were 2.8% and 2.7% for the third quarters of Fiscal 2012 and Fiscal 2011, respectively. The expense increase was due primarily to the fact that we hosted our Dealer Days show (we had not held this event since our Fiscal 2008), as well as increased operating expenses associated with Towables.

General and administrative expenses increased $261,000 or 6.6% during the third quarter of Fiscal 2012 as compared to the third quarter of Fiscal 2011, and as a percentage of net revenues, were 2.7% and 2.9% for the third quarters of Fiscal 2012 and Fiscal 2011, respectively. Incremental employee expenses were partially offset by decreases in legal expenses and stock-based compensation expense in the third quarter of Fiscal 2012 as compared to the same period in Fiscal 2011.

Cost of goods sold was $391.7 million, or 93.5% of net revenues for the first nine months of Fiscal 2012 compared to $334.6 million, or 91.5% of net revenues for the comparable period a year ago due to the following:

Selling expenses increased $2.4 million, or 23.3% during the first nine months of Fiscal 2012 and, as a percent of net revenues were 3.0% and 2.8% for the first nine months of Fiscal 2012 and Fiscal 2011, respectively. The expense increase was due primarily to operating expenses associated with Towables and our Dealer Days show in Fiscal 2012.

Read the The complete Report



Stocks Discussed: WGO,
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