NYSE$CWH

Camping World Holdings Inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$1.9B

Previous: $2.17B-12.4%
EPS (adj)

$0.73

Previous: $2.16-66.2%
New Vehicle Avg Price

$42.4K

Previous: $46K-7.9%
Used Vehicle Avg Price

$35K

Previous: $35.7K-1.9%
SS New Unit Growth

-23.7%

Previous: -15.3%-54.9%
SS Used Unit Growth

8.8%

Previous: 3.8%+131.6%
Active Customers

5.2M

Previous: 5.5M-4.4%
Good Sam Club Members

2.0M

Previous: 2.1M-2.0%
Service Bays

2.7K

Previous: 2.6K+4.1%
F&I % of Vehicle Revenue

11.7%

Previous: 12.0%-2.5%
Free Cash Flow

$28.7M

Previous: $84.3M-66.0%
Net Income

$28.7M

Previous: $84.3M-66.0%
Operating Income

$133M

Previous: $254M-47.8%
Gross Profit

$571M

Previous: $717M-20.3%
Cash & Equivalents

$54.5M

Previous: $134M-59.3%
Total Assets

$4.8B

Previous: $4.61B+4.2%

Revenue & EPS history

Camping World · Revenue · Quarterly

$1.9B

Q2 2023-12.4%vs Q2 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Camping World · $1.9B total across 6 segments · Q2 2023

  • New Vehicles
    $801M-25.7%
  • Used Vehicles
    $623M+12.1%
  • Products, Service and Other
    $248M-10.9%
  • Finance and Insurance, net
    $167M-14.6%
  • Good Sam Services and Plans
    $51M+2.9%
  • Good Sam Club
    $11.1M-10.4%

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.

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 Q2 2023

Historical avgQ2 2023

-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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