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| Above, The Beast at Ventura Beach RV Resort. Photo by Armand Vaquer. |
Winnebago Industries had a great year with the upsurge in sales following the start of the pandemic. People are opting to hit the road rather than being confined inside planes and cruises.
Since I own a Winnebago Minnie Winnie 22R motorhome ("The Beast"), I like to monitor how the company is doing.
The Motley Fool has an article on just how Winnebago Industries did in 2020 and their prospects for 2021.
They start with:
Winnebago (NYSE:WGO) shareholders had good reasons to look forward to the company's fiscal 2021 first-quarter results in late December. The RV giant raced back to sales growth in the prior period as dealerships restocked following COVID-19-related shutdowns. Heavy traffic at these locations convinced dealers to ramp up their ordering, too, as consumers redirected cash toward RVs while airplane travel demand was depressed.
Winnebago's Q1 report this week confirmed that positive narrative by revealing surging sales volumes in the towable and motorhome divisions. Record backlog suggests even faster growth ahead for the RV market share leader.
Let's take a closer look.
To read more, go here.
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