NYSE$CWH
Camping World Holdings Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Camping World's Q3 2023 performance was affected by inventory reduction efforts, despite record used vehicle revenue and unit sales. The company focused on cleansing inventory in preparation for 2024, which led to near-term gross margin compression. They are setting the stage for improved results in 2024.
Camping World Holdings reported a revenue of $1.7 billion for Q3 2023, a decrease of 6.8% compared to the same period last year. Despite a decrease in revenue, used vehicle revenue reached a record $590.2 million, and used vehicle unit sales also hit a record with 17,125 units. The company's net income was $30.9 million, with diluted earnings per share of $0.32. The company focused on inventory reduction, which impacted gross margins but is expected to position the company for improved performance in 2024.
- Revenue decreased by 6.8% to $1.7 billion due to decreased consumer demand.
- Used vehicle revenue reached a record $590.2 million, with unit sales up by 18.4%.
- New vehicle revenue declined by 18.6% to $679.2 million, with unit sales down by 13.7%.
- Net income decreased by 70.0% to $30.9 million, with diluted earnings per share at $0.32.
Headline financials
Revenue & EPS history
Camping World · Revenue · Quarterly
$1.73B
Revenue by segment
Camping World · $1.73B total across 6 segments · Q3 2023
- New Vehicles$679M—39.3%
- Used Vehicles$590M—34.1%
- Products, Service and Other$236M—13.6%
- Finance and Insurance, net$164M—9.5%
- Good Sam Services and Plans$49.9M—2.9%
- Good Sam Club$11.1M—0.6%
Forward guidance
Camping World anticipates that total company revenue, same store unit sales, total gross margin, and earnings are expected to increase year over year in 2024.
Tailwinds
- Total company revenue is expected to increase year over year.
- Same store unit sales are expected to increase year over year.
- Total gross margin is expected to increase year over year.
- Earnings are expected to increase year over year.
- The company is focused on cleansing inventory going into 2024 to prepare for the next up-cycle.
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 Q3 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
| Quarter | Report date | Reaction (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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