Financial Performance - Camping World Holdings, Inc. reported a revenue of $1.2 billion for the nine months ended September 30, 2024, representing a 5% increase compared to the same period in 2023[1]. - Total revenue for the three months ended September 30, 2024, was $1,724,988, a decrease of 0.3% compared to $1,729,613 for the same period in 2023[111]. - Total revenue for the nine months ended September 30, 2024, was $4,895,510, a decrease of 4.3% compared to $5,117,214 for the same period in 2023[165]. - The company reported a net loss attributable to Camping World Holdings, Inc. of $(7,035,000) for the nine months ended September 30, 2024, compared to a net income of $47,833,000 for the same period in 2023[201]. - Net income for the nine months ended September 30, 2023, was $100,519, compared to a net loss of $19,336 for the same period in 2024[20]. - The company reported a net income attributable to Camping World Holdings, Inc. of $5,501, a decline of 65.5% from $15,961 in the same period last year[138]. - The net income allocated to Camping World Holdings, Inc. for the three months ended September 30, 2024, was $8.056 million, compared to $30.893 million for the same period in 2023[134]. Customer Metrics - The company had 1.5 million active customers as of September 30, 2024, an increase of 10% year-over-year[2]. - Active customers decreased by 9.7% to 4,615,443, and Good Sam Club members decreased by 12.1% to 1,804,334[1][9]. Inventory and Sales - Total inventories amounted to $1,781.7 million, a decrease of 12.8% from $2,042.9 million on December 31, 2023[35]. - New RV inventory was reported at 1,189,880 units, down from 1,378,403 units as of December 31, 2023, representing a decline of 13.7%[35]. - Used RV inventory decreased to 420,727 units from 464,833 units, reflecting a reduction of 9.5%[35]. - Revenue from new vehicles increased to $824,916, up 21.5% from $679,207 year-over-year, while used vehicle revenue decreased by 24.2% to $447,242 from $590,227[14]. - New vehicle sales increased by 31.2% to 19,943 units, while used vehicle sales decreased by 17.9% to 14,065 units, resulting in a total sales increase of 5.2%[1]. Expenses and Costs - Total costs applicable to revenue for the three months ended September 30, 2023, were $1,226,464, an increase of 1.7% from $1,206,527 year-over-year[14]. - Operating expenses for the three months ended September 30, 2023, were $434,106, slightly down from $435,160 in the same period last year[14]. - Selling, general and administrative expenses increased by $23.1 million due to additional advertising expenses[179]. - The average cost per vehicle decreased by 5.6% in the three months ended September 30, 2024, contributing to the overall decrease in gross margins[124]. Strategic Initiatives - The company plans to open 10 new dealership locations in 2025, expanding its market presence significantly[4]. - The company is investing $50 million in new technology to enhance its e-commerce platform and improve customer experience[6]. - A strategic acquisition of a regional RV dealership chain is expected to close by Q1 2025, which will add approximately $200 million in annual revenue[7]. - The company has initiated a stock repurchase program with a target of $100 million over the next 12 months[8]. Financial Position and Debt - As of September 30, 2024, total assets were $4,645,224,000, down from $4,845,684,000 in December 2023[114]. - The company reported a total long-term debt of $1,506.0 million as of September 30, 2024, slightly up from $1,498.9 million at December 31, 2023[52]. - Payments on long-term debt for the nine months ended September 30, 2024, were $66.8 million, significantly higher than $26.6 million in the same period of 2023[22]. - The company incurred restructuring costs related to Active Sports Restructuring during the three and nine months ended September 30, 2023, which included one-time termination benefits and incremental inventory reserve charges[203]. Market Conditions and Trends - Inflationary pressures have led to increased costs for products and overhead, which may adversely affect operating results if selling prices do not rise proportionately[127]. - The average sale price of new vehicles decreased by 4.3% in fiscal year 2023 compared to 2022, influenced by price-sensitive customers in a high-interest rate environment[123]. - The company expects continued declines in Good Sam Club membership due to recent price increases and the introduction of a free basic plan[1][13]. Goodwill and Acquisitions - The company recorded goodwill of $30.5 million from acquisitions during the nine months ended September 30, 2024, down from $65.7 million in the same period of 2023[92]. - The divestiture of the RV furniture business resulted in a loss of $7.1 million, with total consideration received amounting to approximately $30.4 million, including $20.0 million in cash[49].

Camping World Holdings, Inc. (NYSE:CWH) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Lindsey Christen - Chief Administrative and Legal Officer, Secretary Marcus Lemonis - Chairman and Chief Executive Officer Matthew Wagner - President Tom Kern - Chief Financial Officer Conference Call Participants Joe Altobello - Raymond James Michael Swartz - Truist James Hardiman - Citi Noah Zuckin - KeyBanc Capital Markets Scott Stember - ROTH John Kelley - Northcoast Research Tristan ...

Shares of the RV retailer gained on a better-than-expected earnings report. Shares of Camping World (CWH 6.14%) were moving higher today after the nation's largest retailer of RVs and accessories posted better-than-expected results in its third-quarter earnings report. As of 12:42 p.m. ET, the stock was up 8.8% on the news. New vehicles surge at Camping World Overall revenue at Camping World was essentially flat in the quarter, with revenue falling 0.3% to $1.72 billion, which compared to estimates at $1.64 ...

Core Insights - Camping World (CWH) reported $1.73 billion in revenue for Q3 2024, a year-over-year decline of 0.3%, with an EPS of $0.13 compared to $0.39 a year ago, indicating a significant EPS surprise of +85.71% over the consensus estimate of $0.07 [1] Revenue Performance - Revenue from Good Sam Services and Plans was $50.84 million, slightly below the average estimate of $51.32 million, but showing a year-over-year increase of +1.9% [3] - Revenue from RV and Outdoor Retail for new vehicles was $824.92 million, exceeding the average estimate of $722.87 million, with a year-over-year increase of +21.5% [3] - Revenue from RV and Outdoor Retail for used vehicles was $447.24 million, below the average estimate of $458.95 million, reflecting a year-over-year decline of -24.2% [3] - Revenue from RV and Outdoor Retail's Good Sam Club was $10.90 million, compared to the average estimate of $12.06 million, representing a year-over-year decline of -1.4% [3] - Revenue from RV and Outdoor Retail finance and insurance was $166.26 million, slightly above the average estimate of $160.18 million, with a year-over-year increase of +1.6% [3] - Total revenue from RV and Outdoor Retail was $1.67 billion, surpassing the average estimate of $1.59 billion, but reflecting a year-over-year decline of -0.3% [3] - Revenue from RV and Outdoor Retail products, services, and other was $224.84 million, below the average estimate of $233.11 million, indicating a year-over-year decline of -4.6% [3] Unit Sales and Profit Metrics - Unit sales for new vehicles were 19,943, exceeding the two-analyst average estimate of 18,281 [3] - Unit sales for used vehicles were 14,065, slightly below the average estimate of 14,992 [3] - Average gross profit per unit for used vehicles was $5,771, above the average estimate of $4,947.60 [3] - Average selling price for used vehicles was $31,798, exceeding the average estimate of $29,984.01 [3] - Average gross profit per unit for new vehicles was $5,586, slightly below the average estimate of $5,790.29 [3] Stock Performance - Shares of Camping World have returned -14.1% over the past month, contrasting with the Zacks S&P 500 composite's +2% change, and the stock currently holds a Zacks Rank 3 (Hold) [4]

Camping World (CWH) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 85.71%. A quarter ago, it was expected that this recreational vehicle retailer and services provider would post earnings of $0.54 per share when it actually produced earnings of $0.38, delivering a surprise of -29.63 ...

Revenue Performance - Revenue for the third quarter was $1.7 billion, a decrease of $4.6 million, or 0.3% year-over-year[2] - New vehicle revenue increased to $824.9 million, up $145.7 million, or 21.5%, with new vehicle unit sales rising to 19,943 units, an increase of 4,738 units, or 31.2%[3] - Used vehicle revenue decreased to $447.2 million, down $143.0 million, or 24.2%, with used vehicle unit sales falling to 14,065 units, a decrease of 3,060 units, or 17.9%[3] - Same store new vehicle unit sales increased by 28.8%, while same store used vehicle unit sales decreased by 20.5%[3] - Total revenue for the three months ended September 30, 2024, was $1,724,988, a slight decrease from $1,729,613 in the same period last year, representing a decline of 0.5%[13] - New vehicle sales reached 824,916 units, up from 679,207 units year-over-year, indicating a growth of 21.5%[13] - Same store revenue for new vehicles increased by 19.2% to $737,070, while used vehicles revenue decreased by 27.6% to $399,525[14] - Total unit sales rose by 5.2% to 34,008 units, up from 32,330 units[14] Profitability Metrics - Gross profit was $498.5 million, a decrease of $24.6 million, or 4.7%, with total gross margin at 28.9%, down 134 basis points[3] - Gross profit for the three months was $498,524, down from $523,086, reflecting a decrease of 4.7%[13] - New vehicle gross margin for Q3 2024 was 13.5%, an increase from 12.0% in Q3 2019, while used vehicle gross margin fell to 18.2% from 21.1% in Q3 2019[21] - Total gross margin declined to 28.9% from 30.2% year-over-year[14] Net Income and Earnings Per Share - Net income for the third quarter was $8.1 million, a decrease of $22.8 million, or 73.9%[4] - Diluted earnings per share decreased to $0.09, down $0.23, or 71.9%[4] - Net income attributable to Camping World Holdings, Inc. was $5,501, a significant drop from $15,961 in the prior year, representing a decline of 65.5%[13] - Basic earnings per share decreased to $0.12 from $0.36, a decline of 66.7% year-over-year[13] - Net income attributable to Camping World Holdings, Inc. for the three months ended September 30, 2024, was $5,501,000, compared to a net income of $15,961,000 for the same period in 2023, representing a decrease of 65.5%[39] - Adjusted earnings per share - diluted for the three months ended September 30, 2024, was $0.13, compared to $0.39 in the same period of 2023, a decrease of 66.7%[39] Operational Metrics - The total number of store locations was 207, a net decrease of two locations from the previous year, or 1.0%[4] - Active customers decreased by 9.7% to 4,615,443 from 5,111,478[14] - New vehicle inventory per dealer location increased by 5.7% to $5,833 from $5,520[14] - Total RV and Outdoor Retail inventories decreased by 4.7% to $1,781,400 from $1,868,516[14] Cash Flow and Assets - Net cash provided by operating activities for the nine months ended September 30, 2024, was $408,541 thousand, compared to $543,273 thousand for the same period in 2023, a decrease of about 24.8%[18] - Cash and cash equivalents at the end of the period were $28,380 thousand, down from $39,647 thousand at the beginning of the period, reflecting a decrease of 28.2%[18] - Total current assets decreased to $2,107,726 thousand as of September 30, 2024, down from $2,349,112 thousand in December 2023, representing a decline of approximately 10.3%[16] - Total liabilities decreased to $4,472,533 thousand as of September 30, 2024, from $4,631,477 thousand in December 2023, a reduction of approximately 3.4%[16] - Total stockholders' equity attributable to Camping World Holdings, Inc. decreased to $107,816 thousand as of September 30, 2024, from $124,584 thousand in December 2023, a decline of approximately 13.4%[16] Future Outlook - The company anticipates a meaningful recovery in used unit volume next year, exceeding low double digits growth[1] - The company continues to focus on market expansion and new product development as part of its strategic initiatives[34] Adjusted Metrics - Adjusted EBITDA for the three months ended September 30, 2024, was $67,516, compared to $94,998 for the same period in 2023, reflecting a decrease of 29.0%[31] - Adjusted EBITDA margin for the three months ended September 30, 2024, was 3.9%, down from 5.5% in the same period last year[32] - Adjusted Net Income Attributable to Camping World Holdings, Inc. is defined as net income adjusted for non-cash and other items, providing a clearer view of ongoing operating performance[35] - Adjusted net income attributable to Camping World Holdings, Inc. – diluted for the three months ended September 30, 2024, was $11,414,000, down from $33,096,000 in the same period of 2023, a decline of 65.5%[39]

Camping World Holdings, Inc. (CWH) is poised to benefit from strong same-store new vehicle sales growth, acquisitions of new and used RV dealerships, and the opening of stores. Shares of this recreational vehicle dealer have gained 32.1% in the past year compared with the Zacks Leisure and Recreation Services industry's 40.7% growth. The company is investing in advanced training, expanding technology and improving infrastructure, including cybersecurity. These efforts support its objective of maintaining a ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission file number: 001-37908 CAMPING WORLD HOLDINGS, INC. (Exact name of registrant as specified in its charter) D ...

Camping World (CWH) reported $1.81 billion in revenue for the quarter ended June 2024, representing a yearover-year decline of 5%. EPS of $0.38 for the same period compares to $0.73 a year ago. The reported revenue represents a surprise of -3.11% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.54, the EPS surprise was -29.63%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...