Champion Homes announced its third quarter fiscal 2026 results, with net sales increasing by 1.8% to $656.6 million. However, net income decreased by 11.7% to $54.3 million, and diluted EPS fell by 8.5% to $0.97. The company also saw a decrease in U.S. homes sold and a decline in gross profit margin.
Net sales increased by 1.8% to $656.6 million compared to the prior-year period.
Net income decreased by 11.7% to $54.3 million, and diluted EPS was $0.97, down 8.5%.
U.S. homes sold decreased by 2.6% to 6,270, while the average selling price per U.S. home sold increased by 4.6% to $99,300.
Gross profit margin decreased by 190 basis points to 26.2%, primarily due to higher manufacturing material costs and lower sales volumes.
Champion Homes anticipates continued success by capitalizing on promising growth opportunities, supported by strategic initiatives and an evolving product catalog, despite inherent market risks and uncertainties.
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