THOR’s Martin Addresses Inventory, Backlogs on CNBC – RVBusiness

Following a record-setting quarterly report that included $3.46 billion in net sales, THOR Industries Inc. President and CEO Bob Martin told CNBC Tuesday (June 8) the Elkhart, Ind.-headquartered RV manufacturer is struggling to replenish dealership inventories as consumer demand for products driven by COVID-19 outpaces supply. Even as COVID restrictions lift, THOR is seeing sustained demand for outdoor living — and a growing order backlog, Martin said. THOR’s backlog was worth $14.32 billion as of late April, the company said in its fiscal third-quarter report issued earlier on Tuesday. That’s up 32.5% from $10.81 billion at the end of January and up 550% from a year ago.

Source link

Tagged , , , , , , . Bookmark the permalink.

Comments are closed.