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Winnebago profit misses consensus by 26.2% in fiscal Q1

Winnebago Industries Inc. said its normalized net income for the fiscal first quarter ended Nov. 29 amounted to 33 cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS decreased 7.3% year over year from 36 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.0 million, a decline of 10.2% from $10.1 million in the prior-year period.

The normalized profit margin fell to 4.0% from 4.5% in the year-earlier period.

Total revenue came to $224.4 million, compared with $222.7 million in the year-earlier period, and total operating expenses rose from the prior-year period to $210.0 million from $206.7 million.

Reported net income decreased 10.5% year over year to $10.0 million, or 37 cents per share, from $11.2 million, or 40 cents per share.