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Mar 31, 2024
Camping World Q1 2024 Earnings Report
Camping World's Q1 2024 results were impacted by a decrease in revenue, although same-store new vehicle unit sales increased significantly.
Key Takeaways
Camping World Holdings, Inc. reported a decrease in revenue for Q1 2024, with total revenue reaching $1.4 billion, an 8.3% decrease compared to the same period last year. The company experienced a net loss of $50.8 million, a significant change from the net income of $4.9 million in Q1 2023. However, same-store new vehicle unit sales increased by 15.5%, bucking industry trends.
Total revenue decreased by 8.3% to $1.4 billion.
Net loss was $50.8 million, compared to a net income of $4.9 million in the same quarter last year.
Same store new vehicle unit sales increased by 15.5%.
The company had 215 store locations as of March 31, 2024, an increase of 10.3% year-over-year.
Revenue by Segment
Forward Guidance
Camping World aims to achieve unit volume, market share, and earnings growth goals for 2024 and expand to 320 locations by 2028.
Positive Outlook
- Significant new unit volume momentum
- Dominant inventory position
- Improving fundamentals
- Laser focus on unit volume growth
- Expansion to 320 locations by 2028
Challenges Ahead
- General economic conditions, including inflation and interest rates
- Availability of financing to us and our customers
- Changes in consumer preferences
- Risks related to our strategic review of our Good Sam business
- Competition in our industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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