Thor Industry’s 2Q and Year-to-Date Sales Grow in Lockstep
Preliminary consolidated sales in the second quarter were $596.4 million, up 13 percent from $526.2 in the same quarter last year, according to Thor. Quarterly RV sales reached $500.7 million, up 15 percent from $437.1 in unit sales in the quarter last year.
In the first six months of fiscal 2012, which ended Jan. 31, Thor’s consolidated sales were $1.27 billion, a 12 percent compared to the $1.13 billion in sales during the same six-month period last year. RV sales during the six months were $1.06 billion, up 13 percent from $943.7 million last year.
"Sales momentum remains strong for Thor, with good results seen in both our RV and bus businesses through the first half of the fiscal year," said Peter B. Orthwein, Thor chairman, CEO and president. "Results from January retail RV shows have been positive, with good attendance and retail sales activity reported at most shows, reflecting rebounding consumer confidence, access to credit, and low interest rates.
“Internal tracking of Thor's recent retail RV sales activity has also been encouraging. Discounting remains a factor in the competitive RV and bus markets, although Thor continues to be well positioned in each of its product categories to take advantage of improving market trends," Orthwein concluded.
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