Champion Homes Q2 profit beat estimates on higher prices

Champion Homes

04/11/2025 21:41

Overview

Champion Homes fiscal Q2 net sales rose 11% yr/yr, beating analyst expectations

EPS for fiscal Q2 beats analyst estimates

Company repurchased $50 mln of shares, indicating confidence in financial position

Outlook

Company did not provide specific guidance for future quarters or full year in the statement

Result Drivers

RETAIL CHANNEL EXPANSION - Increased sales through company-owned retail channel and acquisition of Iseman Homes drove higher U.S. home sales

PRODUCT MIX AND PRICING - ASP per U.S. home sold rose 6.8% due to changes in product mix and increased prices on new homes

GROSS MARGIN EXPANSION - Gross margin expanded due to higher sales through company-owned retail centers and prior year inventory accounting impacts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$684.40 mln
$635.55 mln (5 Analysts)
Q2 Adjusted EPS
$1.01
Q2 EPS
Beat
$1.03
$0.81 (5 Analysts)
Q2 Net Income
Beat
$58.20 mln
$47.97 mln (4 Analysts)
Q2 Gross Margin
27.50%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 $85.00, about 21.6% above its November 3 closing price of $66.60

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw2JgYNza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)