earnings
confidence high
sentiment negative
materiality 0.80
Camping World Q3 net income $30.9M (-70% YoY); used vehicle sales record, new vehicle down 13.7%
Camping World Holdings, Inc.
- Revenue $1.7B (-6.8% YoY); used vehicle revenue record $590.2M (+12.2%), units record 17,125 (+18.4%).
- New vehicle revenue $679.2M (-18.6%), units 15,205 (-13.7%); gross margin down 175 bps to 30.2%.
- Diluted EPS $0.32 (GAAP) vs $0.97; adjusted EPS $0.39 vs $1.07; Adjusted EBITDA $95M (-45.2%).
- Closed two underperforming stores and one distribution center; plans to close seven more locations.
- CEO expects 2024 revenue, same-store units, gross margin, and earnings to increase YoY.