Camping World Holdings ( (CWH) ) has realeased its Q3 earnings. Here is a breakdown of the information Camping World Holdings presented to its investors.
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Camping World Holdings, Inc., based in Lincolnshire, IL, is the largest retailer of recreational vehicles (RVs) and related services, offering a comprehensive range of products through its Camping World and Good Sam brands across 43 states. The third quarter of 2024 saw a notable increase in same store new unit sales by 29%, marking a significant recovery in the RV market, driven by strategic inventory management and product affordability. The company reported a revenue of $1.7 billion, a slight decrease from the previous year, with new vehicle revenue rising by 21.5% to $824.9 million, while used vehicle revenue declined by 24.2%. Despite these fluctuations, Camping World achieved a combined increase in new and used vehicle unit sales by 5.2%. Gross profit decreased by 4.7% due to reduced average selling prices, yet the company maintained a stable market position with strategic focus on product development and dealership expansion. Looking ahead, Camping World is optimistic about 2025, aiming for growth in used unit volumes and leveraging its Good Sam services to support dealership mergers and acquisitions.
