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Old 11-30-2010, 01:21 PM   #1
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Whoops! Thor Industries major 'miss' earnings..

Thor Industries missed their earnings on 'margin' concerns...higher sales, less profit...hmmm...

US HOT STOCKS: Baldor Electric, Barnes & Noble, Thor, Seagate - WSJ.com
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Old 11-30-2010, 07:36 PM   #2
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I'm guessing you have a Wall St Journal subscription..? The Click Here to continue reading needs a login and password...
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Old 11-30-2010, 07:49 PM   #3
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Gross margin down from 13.9% to 12.6%.
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Old 11-30-2010, 08:38 PM   #4
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Most likely gross margin down due to fewer sales covering fixed costs
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Old 12-03-2010, 10:27 AM   #5
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Generally speaking, gross margin refers to variable stuff - sales less cost of sales. All things being equal, it would indicate that costs of materials and labor is up while sale price is lagging behind. Perhaps unit prices are held down due to lower demand while costs keep marching on.

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