Winnebago Industries Inc (WGO)
Net profit margin
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 215,900 | 390,600 | 281,900 | 61,442 | 111,798 |
| Revenue | US$ in thousands | 3,470,200 | 4,916,420 | 3,594,240 | 2,318,070 | 1,985,670 |
| Net profit margin | 6.22% | 7.94% | 7.84% | 2.65% | 5.63% |
August 26, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $215,900K ÷ $3,470,200K
= 6.22%
The net profit margin of Winnebago Industries, Inc. has fluctuated over the past five years. In the most recent fiscal year (August 26, 2023), the net profit margin stands at 6.19%, representing a decrease from the previous year's figure of 7.88%. This decline may indicate that the company's profitability has weakened, potentially due to factors such as increased operating expenses, lower sales revenue, or pricing pressures. However, it's important to note that the net profit margin in 2023 is still higher than the figures for 2020 and 2019, indicating a positive trend over the longer term. Overall, a declining net profit margin calls for a thorough examination of Winnebago's operational efficiency and cost management to identify areas for improvement.
Peer comparison
Aug 26, 2023