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Top related persons:
Michael Happe - 3 Winnebago - 1 RVs - 1 Price - 1 Happe - 1 Morgan Stanley - 1 . Hunt - 1 Gamble — Procter - 1
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U.S Salt Lake City , Utah Winnebago Tel Aviv Israel China LSEG Albemarle —
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Winnebago Industries - 2 Winnebago Industries Inc - 1 Industries - 1 United Airlines — - 1 United Airlines - 1 Nvidia - 1 U.S - 1 Citi - 1

Search resuls for: "Michael Happe"


4 mentions found


☆ Want to see what weak discretionary spending looks like? See Winnebago's results
  + stars: | 2023-10-18 | by ( Robert Hum | ) www.cnbc.com   time to read: +2 min
But that masked a big problem for the company – weaker discretionary spending. Winnebago blamed "lower unit sales related to current market conditions and dealer efforts to reduce inventories, and higher discounts and allowances." CEO Michael Happe said "the consumer market continues to be challenged, and our fourth quarter results reflect a stubborn retail environment." By the second half of the fiscal year, though, Happe is optimistic that inventories will normalize and consumer demand will stabilize. Winnebago's stock, which was down 3% Wednesday, had fallen about 13% over the last three months, far underperforming the broader market.
Persons: Winnebago, RVs, Price, Michael Happe, Happe Organizations: Winnebago Industries Inc, Industries Locations: Salt Lake City , Utah, U.S, Winnebago
☆ Stocks making the biggest moves midday: United Airlines, Nvidia, Morgan Stanley and more
  + stars: | 2023-10-18 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Late Tuesday, the company posted third-quarter results that fell short of Wall Street's expectations on the top and bottom lines. The company posted third-quarter adjusted earnings of $1.55 per share on adjusted revenue of $1.14 billion. Abbott posted earnings of $1.14 per share, excluding items, beating analysts' estimates by 4 cents a share, according to FactSet. It posted revenue of $2.69 billion, which was not immediately comparable to consensus estimates. It posted revenue of $771.0 million, lower than the consensus estimate of $784.3 million, according to FactSet.
Persons: Morgan Stanley, . Hunt, Gamble — Procter, LSEG, Abbott, Michael Happe, —, Yun Li, Sarah Min, Tanaya, Hakyung Kim, Pia Singh Organizations: United Airlines —, United Airlines, Nvidia, U.S, Citi, Devices, Marvell Technology, Hunt Transport Services, LSEG, Interactive, Procter, Gamble, Abbott, Financial, Citizens Financial, State, FactSet, Winnebago Industries, Winnebago, Bancorp, U.S . Bancorp, Bank of America Locations: Tel Aviv, Israel, China, LSEG, Albemarle —
☆ RV industry steers through post-pandemic US slump
  + stars: | 2023-07-25 | by ( Timothy Aeppel | Thomson Reuters | Tim Aeppel Covers The Intersection Of Economics | ) www.reuters.com   time to read: +5 min
July 25 (Reuters) - The U.S. economy may ultimately skirt a recession, but it's felt like one for months at Jon Ferrando's 103 RV dealerships. "Our industry has always been a little challenged on forecasting around demand," said Jason Lippert, CEO of LCI Industries, a large supplier of parts to the RV industry that is also based in Elkhart. "If I was just looking at RV data, I would be screaming recession," said Michael Hicks, an economics professor at Ball State University in Indiana who tracks the industry, adding that pullbacks in RV shipments have signaled every U.S. recession since 1981. "We expect in the second half of this year shipments (of RVs) will start to increase again," Geraci said. Gregg Fore, an RV industry consultant who previously ran an RV parts supplier, said half the new inventory at some dealers he works with are 2022 models.
Persons: it's, Jon Ferrando's, Ferrando, Michael Happe, Eden, Jason Lippert, Michael Hicks, RVIA, Monika Geraci, Geraci, Gregg Fore, Tyler Hermon, Timothy Aeppel, Dan Burns, Paul Simao Organizations: Winnebago Industries, Federal Reserve, RV Industry Association, Thor Industries, LCI Industries, Ball State University, Dealers, Thomson Locations: U.S, Fort Lauderdale , Florida, RVs, United States, Elkhart , Indiana, Eden Prairie , Minnesota, Elkhart, Indiana, North America, RVing
☆ We're seeing the normalization of demand after two record years, says Winnebago CEO
  + stars: | 2022-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing the normalization of demand after two record years, says Winnebago CEOMichael Happe, the CEO of Winnebago, joins 'Power Lunch' to discuss consumer discretionary spending on RVs and motorhomes, the ability for product diversity to strengthen the stability of consumer demand and the company's new electric RV offering.
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