Fleetwood Enterprises Inc. reports its RV sales revenue declined 15% during the three months ended Oct. 28 largely due to a 26% plunge in travel trailer and fifth-wheel sales revenue during that period.
The company’s total RV sales revenue amounted to $299 million during its second fiscal quarter, and its travel trailer and fifth-wheel revenue amounted to $94 million during the August-through-October period.
Fleetwood’s travel trailer and fifth-wheel sales were down to such an extent because of a “disproportionate decline in shipments in the western region of the country,” according to the company.
Meanwhile, Fleetwood’s motorhome revenue declined 9% during its second fiscal quarter to $172 million and its folding camper sales were down 2% to $32 million.
“Recently, sales of motorhomes, particularly diesels, have leveled-off from a previous pattern of decline,” said Nelson Potter, president and CEO. “The sales of all our RV products at the recent Pomona, Calif., RV show were quite encouraging.”
During the six months ended Oct. 28, Fleetwood’s total RV sales also were off 15%, to $565 million, and its travel trailer and fifth-wheel revenues also were down 26% to $201 million.
Fleetwood’s motorhome sales were down 9% during the six months ended Oct. 28, to $306 million, primarily because of lower Class C motorhome shipments, the company reported. Its Class A motorhome sales revenue were flat when compared with the same six-month period during 2000.
The company’s folding camper revenue declined 6% during the six months ended Oct. 28 to $58 million.
Fleetwood will issue its earnings report for the three months ended Oct. 28 in about four weeks. The company anticipates reporting its sixth consecutive quarterly loss at that time.