Camping World Q2 net income down 67%; used vehicle sales record but new vehicle revenue falls 26%

Camping World Holdings, Inc.

Net income $64.7M ($0.64 diluted EPS) vs $198M ($2.01) last year; adjusted EPS $0.73 vs $2.16.
Revenue $1.9B, down 12.4%; new vehicle revenue $800.9M (-25.7%), used vehicle revenue $623.0M (+12.1%) record 17,774 units.
Adjusted EBITDA $139.3M, down 49.8%; floor plan interest expense $20.7M (+136.7%) from rate rises.
Acquired or signed LOI on 30 dealership locations YTD; CEO cites robust acquisition pipeline.
Gross margin 30.0% down 301 bps; gross profit $571.1M down 20.3%.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Camping World Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue 1.9 billion, net income 64.7 million, EPS 0.64.

Period: second quarter ended June 30, 2023
Revenue: 1.9 billion
Net income: 64.7 million
EPS: 0.64
Result: reported results

Exact text from the filing

is robust. We plan to capitalize on it as we invest ahead of anticipated revenue growth in 2024 and beyond.” Second Quarter-over-Quarter Operating Highlights ● Revenue was $1.9 billion for the second quarter, a decrease of $267.9 million, or 12.4%. ● Used vehicle revenue was a record $623.0 million for the second quarter, an increase of $67.0 million, or 12.1%,

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Source: SEC EDGAR

accession 0001558370-23-012726

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