Winnebago & Carnival Cruises
Winnebago Industries said that quarterly earnings tumbled 73%
as tough economic conditions dragged down motor-home sale 39.7%. Stripping out tax benefits, Winnebago lost $6.9 million.
Since peaking in 2004, total industry shipments of Class A and Class C motor homes have fallen 42%. Bob Olson CEO:
"Discretionary purchases have declined in the United States as the country is faced with unstable fuel prices, consumer confidence at 16-year lows and a tighter credit environment."
Carnival Corp. said profit was little changed in Q2 after the increased ticket prices to help counter higher fuel costs.
Revenue +16% as the world's largest cruise line company issued lowered forward guidance.
Global cruise ship vacations rose about 4.7% last year, while the proportion of U.S. residents taking them fell to 76% from 78%.
CEO Micky Arison: "Onboard spending is falling as cruise passengers to some degree are tightening their belts."
as tough economic conditions dragged down motor-home sale 39.7%. Stripping out tax benefits, Winnebago lost $6.9 million.
Since peaking in 2004, total industry shipments of Class A and Class C motor homes have fallen 42%. Bob Olson CEO:
"Discretionary purchases have declined in the United States as the country is faced with unstable fuel prices, consumer confidence at 16-year lows and a tighter credit environment."
Carnival Corp. said profit was little changed in Q2 after the increased ticket prices to help counter higher fuel costs.
Revenue +16% as the world's largest cruise line company issued lowered forward guidance.
Global cruise ship vacations rose about 4.7% last year, while the proportion of U.S. residents taking them fell to 76% from 78%.
CEO Micky Arison: "Onboard spending is falling as cruise passengers to some degree are tightening their belts."
Comments
While many are probably still taking cruises that they booked in Dec-Feb, it's not bloody likely that many are booking cruises at the moment.
You still rock, o nattering one! Daily must read blog :)