Camping World Q1 revenue up 3.6%; adjusted EBITDA nearly 4x YoY to $31.1M

Camping World Holdings, Inc.

Revenue $1.4B (+3.6% YoY); net loss improved 51.4% to $24.7M.
Adjusted EBITDA $31.1M, up 278% YoY; used unit sales +30.3%, new units -0.9%.
Used vehicle gross margin up 104 bps to 18.6%; new vehicle gross margin down 19 bps to 13.7%.
SG&A excluding SBC $380.3M (+3.8%); floor plan interest expense down 34.3% to $18.3M.
April-to-date same store used units up mid-teens, new units up high-singles; tariffs no discernable impact.

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