rlw999
Jun 10, 2021Explorer
Thor Industries now has $14 billion in backlogged orders
From Business Insider: Thor Industries now has $14 billion in backlogged orders and is 'pretty much sold out for the next year'
And now, this boost in sales has grown into an over $14 billion order backlog, which is an almost 550% increase compared to the same time in 2020. Taking a closer look, Thor's backlog for towables and motorized RVs by the end of April in North America increased 766% and 548%, respectively, compared to the same time in 2020.
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"Since a significant number of units in our backlog have already been retail sold, we currently believe the restocking cycle will extend well into calendar 2022," Martin said in the earnings report.