Winnebago (WGO -3.8%) misses FQ1 estimates across the board as profits take a dual-pronged hit...

|About: Winnebago Industries, Inc. (WGO)|By:, SA News Editor

Winnebago (WGO -3.8%) misses FQ1 estimates across the board as profits take a dual-pronged hit from a jump in material costs and reduced demand. Earnings slid 73% Y/Y as inventory expenses rose and margins weakened, while high fuel prices and persistent concerns over the health of the U.S. economy kept buyers at bay, translating into a 6.3% Y/Y decline in motor home deliveries.