Despite a challenging environment in the third quarter, Champion Homes delivered strong operational execution and achieved financial results in line with expectations. 6 million compared to the prior-year period, driven by higher ASPs on new homes sold through company-owned retail sales centers. S.
6% to 6,270 due to a decrease in sales to the community REIT channel and weather-related shifts from the prior year. S. 6% to $99,300, primarily due to changes in product mix and increased prices on new homes sold through company-owned retail sales centers.
2 million in the third quarter fiscal 2026 compared to the prior-year period, mainly due to higher manufacturing materials costs and less absorption of fixed costs. Despite this, Champion Homes remains well-positioned for continued success as it looks to capitalize on promising growth opportunities ahead. 0 million of its common stock under the previously announced repurchase program.
8 million compared to the prior-year period, primarily driven by lower gross profit. The company's board of directors refreshed the share repurchase authorization to provide for $150 million of potential future repurchases. With its diversified product mix and focus on digital and retail strategies, Champion Homes is poised to navigate the current market challenges and drive growth in the years to come.
As the housing market continues to evolve, companies like Champion Homes must adapt their strategies to stay competitive. By focusing on operational execution and investing in digital and retail initiatives, Champion Homes can capitalize on promising growth opportunities ahead.
