earnings
confidence high
sentiment neutral
materiality 0.75
Camping World Q3: net income down 73.9% to $8.1M; new unit sales +31.2%
Camping World Holdings, Inc.
- Revenue $1.7B, down 0.3% YoY; new vehicle revenue up 21.5% to $824.9M on 31.2% unit increase.
- Used vehicle revenue fell 24.2% to $447.2M, units down 17.9%; avg selling price declined 7.7%.
- Same-store new unit sales +28.8%, used -20.5%; combined same-store +2.3%, first positive in 10 quarters.
- Net income $8.1M ($0.09 diluted EPS) vs $30.9M ($0.32) a year ago; Adj. EBITDA $67.5M, down 28.9%.
- October-to-date same-store used units trending flat YoY, new units up double-digit; 207 stores as of Sep 30.