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Jun 30, 2023
Camping World Q2 2023 Earnings Report
Camping World's Q2 2023 performance was marked by record used vehicle unit sales, a decrease in overall revenue, and a decline in net income, driven by lower new vehicle sales and increased interest expenses.
Key Takeaways
Camping World Holdings, Inc. reported a decrease in revenue to $1.9 billion for Q2 2023, a 12.4% decrease compared to the previous year. Net income decreased significantly to $64.7 million, a 67.3% decline. However, used vehicle revenue reached a record $623.0 million with record setting used vehicle gross profit, and the company continued its aggressive RV dealership acquisition pace.
Revenue decreased by 12.4% to $1.9 billion.
Used vehicle revenue increased by 12.1% to a record $623.0 million.
Net income decreased by 67.3% to $64.7 million.
Diluted earnings per share was $0.64, compared to $2.01 in the previous year.
Revenue by Segment
Forward Guidance
The press release does not contain specific forward guidance. It mentions plans to capitalize on acquisition opportunities and invest ahead of anticipated revenue growth in 2024 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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