Winnebago Call Highlights: Surviving a 20% Industry Contraction
Winnebago (NYSE: WGO) recently closed the books on a difficult fiscal year that saw the recreational vehicle industry shift to a 20% decline in shipments compared with a double-digit increase in the prior year. That level of demand swing would hurt any business, and the RV giant did announce lower sales and a slight profitability drop in fiscal 2019.
But, as executives explained in a conference call with Wall Street analysts, Winnebago gained market share and bulked up its portfolio in ways that position it to weather the next phase of industry growth, which might include a return to shipment growth within the next year.
Let's look at a few highlights from management's call with investors.
Source Fool.com
