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Winnebago CEO Confident Despite Economic Concerns

News

June 26th, 2023 by Ric Hanson

(Radio Iowa) – The economy is having an impact on Winnebago Industries, but the company’s C-E-O Michael Happe (Happy)says he is optimistic about the future. Third quarter revenue decreased 38 percent compared to last year as sa;les slowed. Happe says their results remain above pre-pandemic levels. Happe says the company is confident Americans will increasingly look to the outdoors and road trips to improve mental well-being and to combat the rising costs of flights, lodging and car rentals.

He says research shows that 70 percent of respondents have considered using an R-V for travel instead of a flight, hotel or rental car, and K-O-A’s research shows that 33 percent intend to use their R-V for more trips, replacing other modes of travel.