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| Above, a Winnebago Class C motorhome on display at the California RV Show. Photo by Armand Vaquer. |
It looks like Winnebago Industries is starting their fiscal year off on a high note. It is is a sure bet that Winnebago will be around for awhile.
The Motley Fool reported:
Key Points
- Sales trends are strong.
- Price increases are boosting margins.
- The order backlog is at a record high today.
Winnebago (NYSE:WGO) just kicked off its new fiscal year with a bang. The recreational vehicle (RV) giant, which has widened its portfolio to include more luxury motorhomes and towables, along with several boating brands, is capturing a bigger portion of this growing industry. Earnings are soaring because of rising prices, low inventory levels, and strong demand for outdoor lifestyle products.
CEO Michael Happe and his team predicted more good news ahead for the rest of fiscal 2022 mainly thanks to a record order backlog that might take more than a year to satisfy. With that bright big picture in mind, let's zoom in on the latest quarter's results.
To read more, go here.
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