Winnebago Industries ended its fiscal year with a net loss of $78.8 million, but company officials reported that motorhome orders are picking up as dealers begin to restock inventories.
The company said it had a sales order backlog of 940 motorhomes at the end of its 2009 fiscal year on August 29, an increase of 58 percent over the previous year. Bob Olson, the company’s chairman, CEO and president, noted that retail sales have been much higher than wholesale shipments the past year, so inventories are being depleted and “our dealer partners will need to start to replenish soon to satisfy retail demand going forward.”
Winnebago Industries reported revenues of $211.5 million in fiscal 2009, compared with $604.4 million in 2008. Despite the sales decline the company increased its market share slightly to 19.1 percent in the first eight months of this year.