Leadership Transition - Matthew Wagner will succeed Marcus Lemonis as CEO of Camping World Holdings, Inc. on January 1, 2026, and will also join the Board of Directors at that time [1] - Marcus Lemonis will transition to the role of Co-Founder and Special Advisor after his retirement, maintaining a focus on value creation [2] - Brent Moody will assume the role of Chairman of the Board of Directors on January 1, 2026 [1] Company Vision and Strategy - Marcus Lemonis emphasized the importance of RVing as a lifestyle choice for millions of Americans and expressed confidence in Wagner's leadership to continue the company's growth [2] - Matthew Wagner highlighted the company's winning strategy, brand strength, and commitment to enhancing customer experience and innovation [2] - The company aims to build long-term value for customers, employees, and shareholders through a comprehensive assortment of RV products and services [5][6] Company Background - Camping World Holdings, Inc. is the world's largest retailer of RVs and related products and services, with a presence in 44 states [5][6] - The company operates under the Camping World and Good Sam brands, focusing on making RVing and outdoor adventures enjoyable and accessible [5]

Core Viewpoint - Camping World Holdings, Inc. will participate in the 2025 Raymond James TMT and Consumer Conference in New York City, highlighting its position as the world's largest recreational vehicle dealer [1] Group 1 - The fireside chat is scheduled to begin at 9:20 AM ET on Tuesday, December 9, 2025 [1] - A live webcast of the event will be available on the company's investor relations website [1] - The event will also be archived for future viewing [1]

Company Overview - Lazydays Holdings, Inc. has been a significant player in the RV industry since its inception in 1976, known for exceptional RV sales, service, and ownership experiences [3] - The company operates a legacy store in Loveland, Colorado, which has been in operation for nearly 10 years [2] Recent Developments - Lazydays has completed the asset sale of its Longmont, Colorado location to General R.V. Center, marking the final transaction of three stores sold to General RV [1][2] - This transaction allows Lazydays to focus on a streamlined footprint and enhance its operational efficiency [2] General RV Center - General RV has nearly doubled its number of Supercenters nationwide in the past three years, now operating 23 locations across nine states [2] - The acquisition of the Longmont location represents General RV's first presence in Colorado, expanding its footprint and commitment to customer service [2][5]

Financial Data and Key Metrics Changes - The company reported net sales of $166 million for the quarter, a decrease of $104 million or 39% compared to the prior year period, attributed to a deliberate reduction of inventory and lower store count [18][19] - Gross profit for the quarter was $44 million, an increase of $6 million compared to the prior year period, with a gross margin of 24%, representing a 10% increase compared to the prior year [19][20] - SG&A expenses improved to $39 million for the quarter compared to $49 million in the prior year period, primarily driven by reduced overhead personnel and marketing expenses [19][20] Business Line Data and Key Metrics Changes - New unit sales were down 36% or 912 units in the quarter, while average selling price for new units was 15% better for the quarter [17] - Pre-owned retail unit sales were down 48% or 655 units during the quarter, also reflective of divestitures [17] - Gross margins for new vehicles were 11% for the quarter, a 7% increase compared to the prior year period, while used vehicle gross margins were 21%, a 10% increase compared to the prior year period [18] Market Data and Key Metrics Changes - The company noted a healthier inventory mix and seasonal favorability contributed to an 18% increase in new unit sales and a 19% increase in used unit sales compared to the fourth quarter of 2024 [11] - The company observed a shift towards single axle towables and first-time buyers, with motorized inventory sales improving 11% in the first quarter versus the fourth quarter [14] Company Strategy and Development Direction - The company is focused on optimizing its dealership footprint and maximizing operational performance, having completed the sale of five dealerships to Camping World, which allowed for significant debt repayment [5][6] - A letter of intent was signed to divest three additional stores, reinforcing the strategy of refining the dealership footprint [7] - The company aims to strengthen its balance sheet to support long-term growth and stability while continuing to improve operational performance [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the RV lifestyle's affordability and consumer attraction despite potential impacts from tariffs [10] - The company is closely monitoring customer demand and macroeconomic trends, including tariffs and supply chain shortages [14] - Management highlighted the importance of maintaining a healthy inventory position and refining the consignment inventory program [13] Other Important Information - The company achieved a loss from operations of $2.3 million for the quarter, which included non-cash impairment charges of $2.9 million [20] - An adjusted EBITDA loss of $4 million was reported, an improvement compared to the loss of $18 million in the prior year period [20] Summary of Q&A Session - No questions were fielded following the conclusion of prepared remarks, as indicated by the operator [4]