Champion Homes Q1 sales, profit beat estimates

Champion Homes

04/08/2026 21:47

Overview
U.S. factory-built housing producer's fiscal Q1 sales rose 1.3%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat consensus, while net income missed analyst estimates
Company repurchased $50 mln of stock and refreshed buyback authorization to $150 mln

Outlook
Champion Homes did not provide specific financial guidance for upcoming quarters or the full year

Result Drivers
RETAIL SALES GROWTH - Co said increase in U.S. homes sold was driven primarily by higher sales from captive retail stores
HIGHER MATERIAL COSTS - Co said higher material costs were partially offset by modest sales growth and pricing benefits in company-owned retail
INCREASED SG&A - SG&A expenses rose due to the inclusion of Iseman Homes and expanded retail footprint

Company press release: ID:nBw3gWbr6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$710.20 mln
$702.32 mln (6 Analysts)
Q1 EPS
Beat
$0.89
$0.87 (6 Analysts)
Q1 Net Income
Miss
$49.20 mln
$51.10 mln (5 Analysts)
Q1 Gross Margin
 
25.20%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy"
Wall Street's median 12-month price target for Champion Homes Inc is $93.00, about 15.1% above its August 3 closing price of $80.83
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)