Champion Homes Q3 revenue beats expectations

Champion Homes

03/02/2026 21:22

Overview

Factory-built housing producer's fiscal Q3 revenue rose 1.8%, beating analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Company repurchased $50 mln of shares under the share repurchase program

Outlook

Champion Homes did not provide specific financial guidance for future quarters or fiscal year in press release

Result Drivers

HIGHER ASP - Average selling price per U.S. home sold increased 4.6% due to changes in product mix and higher prices at company-owned retail centers

GROSS MARGIN DECLINE - Gross profit margin decreased due to higher manufacturing materials costs and less absorption of fixed costs

DECREASED U.S. SALES - U.S. homes sold decreased 2.6% due to lower sales to the community REIT channel and prior-year weather-related sales shifts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$656.60 mln
$648.92 mln (5 Analysts)
Q3 EPS
Beat
$0.97
$0.85 (4 Analysts)
Q3 Net Income
Beat
$54.30 mln
$47.94 mln (4 Analysts)
Q3 Gross Margin
26.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "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 $88.50, about 16.6% above its February 2 closing price of $75.90

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBw8bySMCa

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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.)