First Quarter Fiscal 2021 Financial Results
Financial Results
First Quarter of Fiscal 2021
Net Sales
Net sales increased 17.5% to
$2.54 billion in the first quarter of
fiscal 2021, due to increased unit
shipments across the business
segments
THO
LISTED
NYSE
($ millions)
$2,537.4
$2,158.8
1QFY20
1QFY21
COUGAR
14.3%
14.9%
1QFY20
1QFY21
Gross Profit Margin
Gross profit increased 22.7% to $378.9
million in the first quarter of fiscal 2021
Gross profit margin improved to 14.9% in
the first quarter of fiscal 2021 from 14.3%
in the prior-year period, primarily driven by
the impact of higher net sales, resulting in
a reduction of the manufacturing overhead
percentage, and favorable warranty
experience trends, partially offset by higher
labor costs
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