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    Tristan Thomas MartinBMO Capital Markets

    Tristan Thomas Martin's questions to Winnebago Industries Inc (WGO) leadership

    Tristan Thomas Martin's questions to Winnebago Industries Inc (WGO) leadership • Q3 2025

    Question

    In a follow-up question, Tristan Thomas Martin of BMO Capital Markets asked about the specific factors driving the strong performance of the Newmar brand in a challenged market and whether those strategies could be applied to the core Winnebago Motorhome brand.

    Answer

    CEO Michael Happe attributed Newmar's success to a strong product line, particularly in Class A diesel, successful expansion into the Super C category, and highly disciplined dealer inventory management. He noted that while Newmar is a distinct premium brand, the core principles of product value, dealer partnership, and operational discipline are lessons that can be applied across the entire portfolio.

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