NYSE$CWH

Camping World Holdings Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Camping World's Q1 2024 results were impacted by a decrease in revenue, although same-store new vehicle unit sales increased significantly.

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.

Headline financials

Total Revenue

$1.36B

Previous: $1.49B-8.3%
EPS (adj)

-$0.40

Previous: $0.14-385.7%
New Vehicle Avg Price

$38.9K

Previous: $46.5K-16.4%
Used Vehicle Avg Price

$31.6K

Previous: $35.8K-11.7%
Total Store Locations

215

No prior period
Active Customers

4.8M

Previous: 5.3M-8.8%
Good Sam Club Members

2.0M

Previous: 2.0M-3.2%
Service Bays

2.9K

Previous: 2.7K+6.5%
Capital Expenditures

-$26M

No prior period
Free Cash Flow

-$22.3M

Previous: $3.17M-803.9%
Net Income

-$22.3M

Previous: $3.17M-803.9%
Operating Income

$4.22M

Previous: $58.6M-92.8%
Gross Profit

$402M

Previous: $441M-8.8%
Cash & Equivalents

$29.7M

Previous: $72.8M-59.2%
Total Assets

$5.02B

Previous: $4.63B+8.5%

Revenue & EPS history

Camping World · Revenue · Quarterly

$1.36B

Q1 2024-8.3%vs Q1 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Camping World · $1.73B total across 6 segments · Q3 2023

  • New Vehicles
    $679M
  • Used Vehicles
    $590M
  • Products, Service and Other
    $236M
  • Finance and Insurance, net
    $164M
  • Good Sam Services and Plans
    $49.9M
  • Good Sam Club
    $11.1M

Forward guidance

Camping World aims to achieve unit volume, market share, and earnings growth goals for 2024 and expand to 320 locations by 2028.

Tailwinds

  • Significant new unit volume momentum
  • Dominant inventory position
  • Improving fundamentals
  • Laser focus on unit volume growth
  • Expansion to 320 locations by 2028

Headwinds

  • 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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.4%

Avg return

Earnings day

-2.6%

Avg return

5 days after

-0.3%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+34.7%

Q1 2020

Best reaction

-24.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+18.2%+6.5%+5.8%
Q4 2025-16.5%-25.5%-36.3%
Q3 2025-24.9%-23.3%-33.5%
Q2 2025-15.3%-15.9%-0.7%
Q1 2025+9.9%+15.2%+34.8%
Q4 2024-0.2%-10.2%-21.2%
Q3 2024+8.6%-4.1%+16.5%
Q2 2024-4.1%-12.6%-4.2%
Q1 2024-0.7%+1.6%-0.8%
Q4 2023-1.9%-1.0%-1.5%
Q3 2023+11.1%+13.3%+32.7%
Q2 2023-14.5%-14.4%-22.8%
Q1 2023+8.3%+10.2%+18.0%
Q4 2022-9.5%-9.8%-26.1%
Q3 2022-8.0%-6.9%-2.0%
Q2 2022+7.7%+4.8%+7.1%
Q1 2022+14.1%+9.9%-1.6%
Q4 2021-10.4%-6.2%-7.1%
Q3 2021+13.0%+7.4%+7.9%
Q2 2021+6.8%+6.1%+0.8%
Q1 2021+3.9%+5.3%-6.7%
Q4 2020-15.8%-12.9%-3.0%
Q3 2020+11.0%+7.1%+16.4%
Q2 2020-15.5%-17.7%-22.0%
Q1 2020+34.7%+42.6%+112.8%
Q4 2019-5.9%-12.9%-53.4%
Q3 2019+8.3%+14.4%+39.0%
Q2 2019-19.9%-22.3%-27.8%
Q1 2019-16.7%-21.3%-17.2%
Q4 2018+1.1%+6.3%+13.3%
Q3 2018-4.9%-10.9%-12.0%
Q2 2018-11.6%-8.6%-7.6%
Q1 2018-18.3%-20.9%-17.3%
Q4 2017-2.9%-0.6%-22.1%
Q3 2017-5.8%-4.6%+5.8%
Q2 2017+7.0%+9.7%+19.1%
Q1 2017+2.1%-2.2%-12.2%
Q4 2016-5.4%-5.4%-18.8%
Q3 2016+9.7%+9.3%+37.9%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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