Winnebago Industries Inc. reported its second fiscal quarter earnings declined 48% but the company captured retail market share leadership in Class A and Class C motorhomes during January.
Winnebago earned $6.2 million during the three months ended Feb. 24, compared with $11.9 million earned during the same period a year earlier.
During the six months ended Feb. 24, Winnebago’s earnings declined 39% to $14.7 million.
The company’s sales revenue declined 25% during the three months ended Feb. 24 to $142.5 million and its sales were down 18% during the six months ended Feb. 24 to $306.7 million.
However, Winnebago posted an 18.8% retail market share in Class A’s and C’s in January to give the company the top position in retail sales, said Chairman Bruce Hertzke, who cited independent market research firm Statistical Surveys Inc. as his source.
During January 2000, Winnebago’s market share in Class A’s and C’s was 16.8%, Hertzke added.
Winnebago shipped 1,127 Class A units to its dealers during the three months ended Feb. 24, compared with 1,699 units shipped a year earlier. The number of Winnebago diesel Class A’s shipped during the recently completed quarter was 386, compared with 472 units delivered a year earlier.
The company shipped 677 Class C’s during its second fiscal quarter, compared with 893 units delivered a year earlier.
Winnebago’s Class A and C sales order backlog was 1,542 units as of Feb. 24, compared with an order backlog 2,537 units as of Feb. 26, 2000.