By Dhirendra Tripathi

Investing.com – Winnebago stock (NYSE:) jumped nearly 4% Friday after the company’s first-quarter earnings came in well ahead of estimates and sales topped expectations, too.

According to the company, it increased its market presence in recreational vehicles, closing October with 13.3% of shares, an increase by 1.3 points.

Volume growth was a result people living normal lives after the pandemic and price rises that the company had to absorb drove earnings higher.

In the November 27th quarter, margins increased by 2.5 points to 19.8%

Statistics released by the company show that there were 56 million households who camped out in November of this year, an 16% increase.

It stated that it would continue to profit from the secular shift in consumer attitudes towards the outdoors.

Barletta Pontoon boats, which was purchased by Winnebago in August and generated revenue, helped to increase revenues.

The adjusted earnings per diluted share were $3.51. This was 97% more than the year before and well above the $2.36 estimate.

Revenue for the first quarter ended November 27 was a record $1.2 billion, up 46% to top the analysts’ estimate of $1.04 billion. Revenue from the towable segment grew 43% and motorhomes saw 31% greater sales.