EYES UNDO BUICK, IOWA, PLEASE
JOIN ME WINNEBAGO STOCK
REPORTED THEIR EARNINGS TODAY.
HOW DID THEY DO?
>> STOCK IS NOT REACTING TO THE
GOOD NEWS.
LOSING MONEY THE FIRST QUARTER
OF THIS YEAR BETTER DALE AS
WELL, A RECORD BACKLOG OF
PRODUCTION THEY NEED TO GET TO.
MAYBE THAT IS THE HEADACHE IN
TERMS OF GETTING RVs ON THE
ROAD IN CUSTOMERS HANDS.
WE ARE UP 25% FROM THE 52-WEEK
HIGH BUT PEOPLE ARE STILL
BUYING THOSE RVs IN 70% BY THE
STOCK.
STUART: WE ARE HAVING A
TECHNICAL PROBLEM GETTING TO
THE CEO OF WINNEBAGO.
I WILL ASK YOU THE QUESTION
INSTEAD SINCE YOU WENT THROUGH
THE EARNINGS REPORT, IF THEY
ARE LOOKING SO GOOD FOR THE
FUTURE DO THEY HAVE THE PARTS
TO MAKE THE WINNEBAGO -- WE GOT
THE MAN HIMSELF.
YOU ARE OUT OF BUSINESS, THAT
IS MICHAEL HAPPY, THE CEO OF
WINNEBAGO.
WE RESTORED THE SHOT.
YOU ARE LOOKING TO THE FUTURE
SAYING SALES WILL BE PRETTY
GOOD AND THAT IS A GREAT THING
BUT CAN YOU SUPPLY THE
WINNEBAGOS ORDERED WITH SHORTAGES ALL OVER THE PLACE?
SHORTAGES ALL OVER THE PLACE?
>> THANKS FOR HAVING US.
OUR TEAMS ARE WORKING HARD FOR
THE DEALERS, THE INDUSTRY HAS
DELIVERED AT RECORD LEVELS.
NO DOUBT THE SUPPLY CHAIN
NETWORK IN OUR INDUSTRY IS
TAXED BUT THEY ARE DOING A
GREAT JOB GIVING US PARTS AND
WE ARE DOING THE BEST JOB WE
CAN.
OUR DEALERS EXPERIENCE RECORD
RETAIL AND RECORD ORDERS INTO
US FOR MORE IN THE FUTURE.
STUART: IF I WERE TO ORDER OF
50,$000 WINNEBAGO TODAY AND
WANTED IT DELIVERED PRONTO HOW
SOON CAN YOU GET IT TO ME?
>> THERE IS SOME FIELD
INVENTORY IN THE DEALER CHANNEL
BUT IF IT IS NOT ON THE LOT
TODAY IT WOULD DEPEND ON THE
MODEL YOU ORDERED AND COULD
TAKE WEEKS OR IT COULD TAKE
MONTHS.
THERE IS INCREDIBLE DEMAND FROM
THE OUTDOORS IN TERMS OF NEW
FAMILIES, MORE DIVERSE BUYERS
SO IT COULD TAKE A WHILE.
I CAN TELL YOU THE DEALER YOU
WORK WITH WILL WORK HARD TO
LOCATE A PRODUCT YOU CAN GET
INTO QUICKLY.
STUART: CAN YOU TELL ME WHAT
PROPORTION OF WINNEBAGO BUYERS
UNDER THE AGE OF 30, IS IT 10%, 5%, 2%?
5%, 2%?
TELL ME?
>> BUYERS UNDER 30 ARE 10%.
THE AVERAGE AGE IS IN THE
MID-40s.
WE ARE SEEING MORE ENGAGEMENT
IN OWNERSHIP BY MILLENNIALS
ESPECIALLY FOR PRODUCTS THAT
CAN GET OFF THE GRID.
THEY WANT TO EXPLORE BIKE
TRAILS SO WE ARE SEEING THE
AVERAGE AGE GET YOUNGER AND OUR
TEAMS ARE WORKING TO DEVELOP
PRODUCTS THAT APPEAL TO A NEW
GENERATION OF RECREATIONAL
BUYERS.
STUART: I DON’T ASSOCIATE THE
WINNEBAGO FOR GOING OFF THE GRID.
I THINK OF IT AS OLDER PEOPLE
LIKE MYSELF DRAFTING -- DRIVING
HAPPILY ON I-95 ON THE FLAT
PLAIN WONDERFUL ROADS OF
AMERICA.
THAT’S HOW I ASSOCIATE
WINNEBAGOS.
YOU TELL ME YOU’VE GOT A WHOLE
NEW MARKET.
>> WE HAVE AN RV FOR EVERYONE.
IF YOU WANT TO BE CAREFUL AT AN
RV PARK? WE’VE GOT THOSE BUT THERE’S A
WE’VE GOT THOSE BUT THERE’S A
WHOLE NEW PHENOMENA AND AROUND
BOOM DOCKING AND GETTING OFF OF
THE MAINSTREAM ROADS SO YOU CAN
EXPERIENCE NATURE IN A SAFE
SUSTAINABLE WAY AND WE HAVE
PRODUCTS WITH SOLAR PANELS AND
LITHIUM-ION BATTERY POWER
SYSTEMS SO, YOU CAN BECAUSE IT
TO THE OUTDOOR ENVIRONMENT YOU
HOPE TO EXPERIENCE AND THAT IS
WHAT THESE YOUNGER GENERATIONS
OF CONSUMERS WANT TO
EXPERIENCE.
THEY WANT TO EXPERIENCE THE
OUTDOORS BUT THEY WANT TO BE
CONNECTED, TO HAVE THE
TECHNOLOGY AS WELL.
STUART: SEE WHAT YOU DID?
ON HIS INTERVIEW IN THE LAST 2
AND A HALF MINUTES.
WHEN WE STARTED YOUR STOCK WAS
DOWN 2%, NOW YOU ARE ONLY DOWN
ONE.5%.
SEE WHAT WE DO FOR YOU ON
"VARNEY AND COMPANY"? WHAT A GUY.