Why Winnebago Industries Inventory Is Climbing Immediately

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Winnebago Industries Inc WHO Shares traded higher on Wednesday after the company reported better-than-expected financial results.

Winnebago said revenue for the fiscal third quarter rose 51.8% year over year to $1.46 billion, beating the estimate of $1.2 billion, according to data from Benzinga Pro. The company reported adjusted quarterly earnings of $4.13 per share, beating the estimate of $2.96 per share.

Gross profit margin increased 100 basis points to 18.7% for the quarter. Winnebago said the increase was primarily due to operating leverage, pricing increases and a favorable segment mix, partially offset by higher material and component costs.

“The unique strength of our brands has enabled Winnebago Industries not only to gain market share, but also to successfully take additional pricing action to offset significant component and material cost inflation and improve margin performance across all of our segments,” said Michael HappePresident and CEO of Winnebago.

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WGO Price Action: Winnebago has traded between $80.30 and $43.05 over a 52-week period.

The stock is up 2.16% at press time to $46.75.

Photo: courtesy of Winnebago.