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Champion Homes Expands Share Repurchase Program

Story Highlights
  • Champion Homes reported a 11.7% increase in net sales and 41.3% rise in net income for Q1 fiscal 2026.
  • The company completed Iseman Homes acquisition and expanded its share repurchase program by $50 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Champion Homes Expands Share Repurchase Program

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Champion Homes ( (SKY) ) has issued an update.

Champion Homes announced its first quarter fiscal 2026 results, highlighting an 11.7% increase in net sales to $701.3 million and a 6.5% rise in U.S. homes sold. The company also reported a 41.3% increase in net income to $64.7 million, driven by higher sales and gross profit. The average selling price per U.S. home rose by 3.6% to $95,000, and the gross profit margin expanded by 90 basis points to 27.1%. Champion Homes completed the acquisition of Iseman Homes and repurchased $50 million in shares. The Board of Directors approved an additional $50 million increase to the share repurchase program on July 24, 2025, and the company amended its credit facility to extend through 2030, enhancing capacity for strategic priorities.

The most recent analyst rating on (SKY) stock is a Hold with a $86.00 price target. To see the full list of analyst forecasts on Champion Homes stock, see the SKY Stock Forecast page.

Spark’s Take on SKY Stock

According to Spark, TipRanks’ AI Analyst, SKY is a Outperform.

Champion Homes presents a solid financial foundation with strong revenue growth and a stable balance sheet. The recent corporate events further bolster the company’s market position. However, technical indicators suggest bearish momentum, and valuation metrics indicate a fairly valued stock, which caps further upside potential. Market uncertainties and operational challenges highlighted in the earnings call need to be monitored.

To see Spark’s full report on SKY stock, click here.

More about Champion Homes

Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America, employing approximately 9,000 people. With over 70 years of experience, the company operates 46 manufacturing facilities across the United States and western Canada, offering a diverse portfolio of manufactured and modular homes, ADUs, park-models, and modular buildings for single-family, multi-family, and hospitality sectors. Additionally, Champion Homes provides construction services, operates a factory-direct retail business with 82 locations, and offers transportation services through Star Fleet Trucking.

Average Trading Volume: 760,011

Technical Sentiment Signal: Sell

Current Market Cap: $3.71B

See more data about SKY stock on TipRanks’ Stock Analysis page.

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