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Dec 31, 2024
Camping World Q4 2024 Earnings Report
Camping World Holdings, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024, with increases in new and used same store unit sales and overall revenue.
Key Takeaways
Camping World Holdings, Inc. reported a strong fourth quarter in 2024, with total revenue increasing by 8.6% to $1.2 billion and a significant improvement in gross profit by 9.7% to $376.9 million. The company saw combined new and used same store unit sales grow by 4.2%, driven by increased unit sales in both categories. Despite a net loss of $59.5 million for the quarter, Adjusted EBITDA showed a substantial increase of 72.1% to $(2.5) million, indicating operational improvements.
Total revenue for Q4 2024 increased by 8.6% to $1.2 billion compared to the same period last year.
Combined new and used vehicle unit sales increased by 9.6% to 22,148 units in Q4 2024.
Gross profit rose by 9.7% to $376.9 million, with total gross margin increasing by 33 basis points to 31.3%.
Adjusted EBITDA for Q4 2024 increased by 72.1% to $(2.5) million, reflecting improved operational performance.
Revenue by Segment
Forward Guidance
The company anticipates more stable industry trends throughout 2025, with continued momentum from the start of the year. They expect high-teens percentage growth in same store used unit trends and low-singles growth in same store new units year-over-year in January. The focus remains on increasing RV sales, cost discipline, and improving profitability.
Positive Outlook
- Expectation for more stable industry trends throughout 2025.
- Same store used unit trends increased high-teens percentages year-over-year in January.
- Same store new units increased low-singles in January, in line with expectations.
- Organization is positioned exceptionally well for organic and inorganic growth in 2025.
- Continued focus on selling more RVs, cost discipline, and driving significantly improved profitability.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Revenue & Expenses
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Avg. Return Before/After Earnings
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