secwatch / observer
8-K filed May 2, 2023, 7:59 PM ET ticker CWH CIK 0001669779
earnings confidence high sentiment negative materiality 0.85

Camping World Q1 revenue $1.5B (-10.6%); net income $4.9M (-95.4%); used units record

Camping World Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Camping World Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $1.5 billion, net income $4.9 million, EPS $0.05.

Period
first quarter ended March 31, 2023
Revenue
$1.5 billion
Net income
$4.9 million
EPS
$0.05
Result
reported results
Exact text from the filing
First Quarter-over-Quarter Operating Highlights ● Revenue was $1.5 billion for the first quarter, a decrease of $175.5 million, or 10.6%. ● Used vehicle revenue was a record $444.7 million for the first quarter, an increase of $41.7 million, or 10.4%, and used vehicle unit sales were a record 12,432 units, an increase of 1,456 units, or 13.3%. ● New vehicle revenue was $646.8 million for the first quarter, a decline of $188.2 million, or 22.5%, and new vehicle unit sales were 13,912 units, a decrease of 5,108 units, or 26.9%. ● Products, service and other revenue was $207.7 million for the first quarter, a decline of $7.3 million, or 3.4%. Growth in service and parts revenues partly offset larger declines in our direct to manufacturer RV furniture revenues. ● Same store used vehicle unit sales increased 7.0% for the first quarter, and same store new vehicle unit sales decreased 30.6%. ● Gross profit was $441.0 million, a decrease of $119.2 million, or 21.3%. Total gross margin was 29.7
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Source: SEC EDGAR
accession 0001558370-23-007657
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