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Article: Monaco's soft sales slow profits.(Business)(The RV maker's dealer incentives and discounts affect third-quarter earnings)
- Article from:
- The Register Guard (Eugene, OR)
- Article date:
- October 28, 2004
CopyrightCOPYRIGHT 2004 The Register Guard. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sherri Buri McDonald The Register-Guard
COBURG - Responding to slower sales in August and September, Monaco Coach Corp. offered discounts and incentives to dealers, which took a toll on the Coburg-based company's third quarter earnings, Monaco officials said Wednesday.
Monaco reported a profit of $7.4 million, or 25 cents a share, on sales of $358.9 million in the three months ended Oct. 2. Profit was up 18.8 percent and sales were up 18.4 percent compared with the third quarter last year.
Monaco officials announced the financial results on Wednesday in a conference call with investors and analysts.
To better align production ...