Winnebago reports net revenue decline in third quarter
Winnebago Industries posted net revenues of approximately $700 million in the third quarter, down from $775 million in the same period last year. Net ...
Winnebago Industries posted net revenues of approximately $700 million in the third quarter, down from $775 million in the same period last year. Net income fell to $14.5 million from $17.6 million. CEO Michael Happe attributed the decline to inflation, elevated interest rates, and geopolitical uncertainty affecting consumer discretionary spending. The company is implementing cost-cutting measures and expects demand to recover as external conditions improve.