Winnebago Surprises Investors With Double-Digit Organic Growth
The recreational vehicle (RV) industry may be experiencing only a gradual rebound in retail demand after a late 2018 peak, but manufacturer Winnebago Industries (NYSE: WGO) is outpacing peers in sales growth and market-share capture. The Forest City, Iowa-based RV giant released fiscal first-quarter 2020 results on Friday morning, and its surprisingly strong organic revenue growth kindled an enthusiastic market response, as shares traded up nearly 10% at midday.
Let's parse the details of the quarter below, keeping in mind that all comparative numbers refer to those of the prior-year quarter.
Data source: Winnebago Industries.
Source Fool.com
