Winnebago Industries Reports Narrower-Than-Expected Q4 Loss (WGO)

Thu. October 15, 2009; Posted: 09:07 AM

Oct 15, 2009 (SmarTrend(R) News Watch via COMTEX) -- WGO | Quote | Chart | News | PowerRating -- 10/15/2009 - Winnebago Industries (NYSE:WGO) reported a Q4 loss of $0.21 per share, ex-items, beating consensus estimates for a loss of $0.24 per share. Revenues in the quarter fell 30% year-over-year to $59.46 million, and came in short of consensus estimates of $65.14 million.

CEO Bob Olson said, aEURoeWhile fiscal 2009 was one of the most challenging in our 51 year history and in the history of the RV industry, we have taken many necessary steps to preserve adequate liquidity, manage our balance sheet and costs, and maintain our ability to make investments in products and processes important to our long term growth and profitability . . . Research and product development was a top priority, with over 50 percent of our lineup new or redesigned for the 2010 model year. From top to bottom, we raised the bar in creating innovative products with exciting floorplans and features with an emphasis on form, function and styling.aEUR

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Winnebago Industries Inc (WGO) click here. Winnebago Industries Inc (WGO) has Short Term PowerRatings of 8. Details on Winnebago Industries Inc (WGO) Short Term PowerRatings is available at This Link.

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