Thor Industries, the recreational vehicle (RV) maker based in Elkhart, Indiana, experienced a decline in sales and profit during its fiscal first quarter. However, there are signs that the pace of sales declines is slowing down, indicating a positive development in the industry. In the three months ending on October 31, Thor Industries reported a profit of $53.6 million, or 99 … [Read more...] about Thor Industries Faces Decrease in Sales and Profit in Q1
profit decline
Mullen Group Reports 15% Drop in Q2 Profit
Mullen Group, a Canadian logistics provider, announced a nearly 15% decrease in second-quarter profit, surpassing analysts' expectations. The decline in profit was attributed to weaker demand for freight and logistics services, resulting in a reduction in revenue. For the period ending June 30, Mullen Group reported net income of CAD 36.5 million ($27.7 million), equivalent to … [Read more...] about Mullen Group Reports 15% Drop in Q2 Profit
