WINNEBAGO INDUSTRIES INC Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

The terms “Winnebago,” “we,” “us,” and “our,” unless the context otherwise
requires, refer to Winnebago Industries, Inc. and its wholly-owned subsidiaries.

Management's Discussion and Analysis of Financial Condition and Results of
Operations ("MD&A") is intended to provide a reader of our financial statements
with a narrative from the perspective of management on our financial condition,
results of operations, liquidity, and certain other factors that may affect our
future results. Unless otherwise noted, transactions and other factors
significantly impacting our financial condition, results of operations and
liquidity are discussed in order of magnitude.

Our MD&A should be read in conjunction with the Consolidated Financial
Statements and related Notes included in Item 1 of Part I of this Quarterly
Report on Form 10-Q and our Annual Report on Form 10-K for the fiscal year
ended...