WGO - 3 New Reasons to Like Winnebago Stock
Winnebago Industries (NYSE: WGO) investors had a few big concerns heading into the recreational vehicle (RV) giant's latest earnings update. Rival Thor Industries (NYSE: THO) has been claiming more market share in key areas, and both companies are trying to walk a tight line between working through their backlogs and risking oversupply during any consumer spending pullback.
Winnebago this week eased some of those shareholder worries, but big risks remain heading into the second half of 2022. Let's dive right into three reasons to like the stock.
Winnebago's sales trends continued the positive momentum that investors have enjoyed for more than a year. Revenue jumped 52% overall thanks to rising demand across key categories like towable and motorized RVs, boats, and luxury RV brands. Part of that spike came from its recent acquisition of the Barletta brand of pontoon boats, but organic revenue also rose by a solid 41%.
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3 New Reasons to Like Winnebago Stock