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Snacks / Tuesday, June 20, 2023

Van-life aesthetic… RV icon Winnebago thrived during the pandemic as Americans social-distanced while rolling through the heartland (#WorkFromWinnebago). In early 2022, it drove home a record $1.2B in quarterly revenue. But RV sales are down by half this year as folks ditch the open road and return to normal life. Despite cooling demand, Winnebago beat earnings expectations in March as the mobile-home life chugged on. The biz reports Wednesday, and its stock popped last week after RV rival Thor unloaded a big profit beat.

Slaps roof of car… The nation's largest used-vehicle seller has hit a few speed bumps this year. The last time CarMax reported profit was down 57% on the year, and in the face of loan losses it said it would toughen lending standards. (Americans struggled to make car payments as rates skyrocketed and the repo man showed up.) But when competitors Carvana and Vroom reported last, they both saw narrowing losses on the year. We'll see whether CarMax can drive itself out of the ditch when it reports Friday.

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