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Winnebago Industries CEO Randy Potts on the growth outlook for recreational vehicle sales.
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Let's get to shares of Winnebago not trending higher jumping this is -- today's surging a 126%.
For the year.
After the recreational vehicle manufacturer posted an earnings beat on -- the top and bottom line.
Already parts is the chairman CEO presidents of Winnebago Industries he joins us now on the Fox Business.
Exclusive Randy well congratulations first on that today's earnings report.
Revenue up almost 50% year over year its stock price up -- -- set a 126%.
Over the past 52 weeks how're you doing this in an economy that's really not exactly -- firing on all cylinders how you doing up.
Well the recreational vehicle market is is growing.
Even though it's -- a small pace.
The the motor home that you have.
On the street which I think you showed earlier in the segment is part of the motorized segment of the recreational vehicle market.
And that's been the slowest part to grow and that is approximately 90% of Winnebago industries' business.
You have to know rationally and -- -- it.
That's our Denis -- who is kicking back and one of the massage chair and her.
Big big I'm up I'm glad you're enjoying -- -- -- -- -- What 380000.
Bucks and that's I think what to -- point.
If this is a nifty trick that you guys are able to have been tripled.
Your order launch here it's -- super impressive in the stock sometimes.
In these cases doesn't follow.
But -- has up a 126%.
If you have to point to one thing.
That is the number one.
Growth driver what would you say it is.
The housing market and I'm not gonna say that's a growth driver but.
The motorized.
Recreational vehicle market very closely correlates with the strength of the housing market.
And while I was sitting here waiting for my part in the -- to come on I heard several reports about the housing market continuing to heal him and I I feel very strongly that.
That's that's -- that's -- that's a very close indicators to the motor home market.
-- you know look.
I've traveled quite a bit recently and I hate being in an airport terminal -- hate everything that comes with it.
Is that public -- drive a hit to the psyche of people that the American spirit to get out on the road and just see this country rather than.
You know deal -- those airlines and Jose airports is that a pot of it as well.
Absolutely.
Through the whole recession when the RV market.
So.
Of very big downturn.
-- the lifestyle never went away people just continued to use a recreational vehicle that they they had in fact.
Recreational vehicle ownership is at an all time high across United States.
But they're just getting a few more years out of them but I think the replenishment cycle starting -- well let's just point out on the one that we're seeing that Dennis is just she's a superstar you know he's like a rock stars Britney Spears may not matter clearly that's what -- blacked out -- zone heating.
-- -- many houses in America don't have -- heating you've got the massage seats heated seats is just just absolutely amazing.
But above -- -- refrigerator that that would you also say that -- And no no disrespect to Dennis but the graying of America perhaps is that as at work here that people are retiring and they're wanting to own something like this.
Yeah that's always been the American dream and I don't think that's changed a bit.
You know what what you're seeing there is our flagship that is the biggest most beautiful most expensive motor home we build.
We also build.
Everything.
Truck from their down to very small very fuel efficient much less expensive coaches and many models in between saw.
-- -- move there's an RV out that is right for everybody.
Would you try I mean you know look at many seeing is not facing some fiscal difficulties some financial difficulties lot of uncertainty.
Do you try and attract a younger driver I mean yes is Liz put it very nicely the grain customer but.
Is that younger people out there that you can try -- reach.
Absolutely.
And where we say the younger people the younger.
And couples.
Tend to go more towards a smaller mom more fuel efficient type of Coach younger families tend to go to a larger but low cost Coach.
That has more sleeping like bunk beds in that type of thing.
How can I just had enough of us the out there and we have a from.
Dennis kicking back I -- -- having a good time as always listen thank you will not doing it.
Well -- right I'll tell you it's fascinating to watch to see us something with this price point -- a backlog good luck to you thank you.
Randy Potts is Winnebago chairman CEO and president joining us exclusively -- -- stock is up a 126%.
Over the past year.
