It's Another Quarterly Sales Spike for This Automotive Winner
The recreational vehicle industry is booming right now, and Winnebago Industries (NYSE: WGO) is soaking up more than its fair share of the growth. The RV giant just announced another quarter of accelerating growth and spiking earnings. But the best part is that dealership backlog points to a sustained period of high demand through at least the rest of 2021.
Let's take a closer look.
Sales in the second quarter of fiscal 2021 jumped 34% to mark the second straight quarter of acceleration. Revenue gains were 15% two quarters back and sped up to 22% last quarter. The company had been growing at a nice clip before the pandemic struck, and COVID-19 disruptions only slowed it down slightly -- and only for about one full quarter.
Source Fool.com
